Royal & SunAlliance (RSA) Investments has reorganised its fund management team along global rather t...
Royal & SunAlliance (RSA) Investments has reorganised its fund management team along global rather than regional lines.
Robert Talbut will now head the new Global Equity desk while Andrew Tunks is head of the Global Bond desk. Richard Johnson has been promoted to chief investment officer from chief operations officer.
The RSA teams of analysts and fund managers will now report in to the relevant global desk heads.
Robert Matthews, managing director at RSA Investments, said: "From now on our team of analysts will cover all sectors globally, not by region. So for example, a US auto analyst will now look at the world market, not just the US, to produce greater depth and broader coverage of companies.
"In this way, we will be able to link investment themes which are affecting the world's markets and identify new trends coming through. The new structure will improve communications and enable us to be more responsive to cross-border thematic trends."
The RSA investment process is primarily driven by top-down analysis. Its analysts visit and evaluate companies, both in terms of quality of the business by using the usual mainstream valuation techniques and also in terms of future share price performance. After this process has been completed, the companies are ranked in order of attractiveness. Individual fund managers then select stocks on the basis of the analysts' research, and also use the research desk as a general resource and as a centre of ideas.
On the business development side, Nick Criticos will head up operations. He was formerly managing director of the unit trust business. Both Richard Johnson, chief investment officer, and Criticos will have the title of joint managing director.
The restructuring has been carried out in a bid to win £8bn in new retail and institutional business over the next five years. The group is looking to treble existing retail funds under management, currently £2bn, and to add £4bn in institutional mandates.
As a result, a bigger sales team, part of which will be devoted to investment IFAs, is being put together by Matthews. He said he would be expanding the sales and customer services teams to provide better service standards. This will include a specialist sales force that will target IFAs as well as the institutional investment market and discretionary fund managers. Arthur Hayes, chairman of RSA Investments, said: "We have completed a major review of our business and are committed to leveraging our established and recognised core competence in fund management into a significant core business."
Royal & SunAlliance won the Standard & Poor's Best UK Investment Management Group of the Year for the third year in a row. These awards are given to groups which consistently achieve superior returns against an appropriate benchmark.
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