RAM chief to run new Pearl asset management business

Following the approval of its acquisition of Resolution plc, Pearl Group has announced it will launch a new business combining RAM and Axial Investment Management (launched in 2007 to manage all the assets of Pearl Group Life Companies). The business will combine the complementary skills of Axial and RAM, including Axial’s capabilities in asset liability work. It will create an independently capitalised asset management business with funds under management of around £80bn. The venture is currently in early stages of development with further detail expected in the summer, including the b...