ISIS Asset Management's outgoing chief investment officer Robert Talbut is taking on the same role at Royal London Asset Management, where he once held the position of unit trust fund manager.
He will officially take on the position on 1 November, with no major changes expected to RLAM’s current set-up.
Heads of RLAM’s equities, property and fixed income teams respectively Jane Coffey, Julia Martin and Jonthan Platt will continue in their roles.
Chief executive Andrew Carter will step back from the CIO part of his current joint CEO-CIO role to focus on “wider issues and expansion”.
Talbut previously held the position of head of UK equities with Royal & Sun Alliance before that outfit was taken over by Friends Ivory & Sime, the asset management business of Friends Provident.
FP owns 51% of the F&C Asset Management, with F&C’s former Dutch parent Eureko holding 23%.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till