Royal London Asset Management has restructured its global equity team, following the resignation of head of equities Peter Rutter and a number of other departures.
Chief investment officer (CIO) Piers Hillier now leads the firm’s global equities team. Hillier has served as head of international equities at Kames Capital, among other senior global investment roles at firms such as Deutsche Asset Management and Schroders.
Hillier is supported by Matt Burgess, who continues as head of quant strategies, co-head of UK equities Richard Marwood, and head of sustainability Mike Fox, as well as fund managers Bixuan Xu, and George Crowdy, and assistant fund manager Simon Davies.
On the reshuffle, CEO Han Georgeson said: “We remain committed to offering a first class equity capability and will continue to invest in the team. Piers brings huge experience to the leadership of our global equities capability, supported by an extremely talented team that also brings many years of expertise in equity markets.”
The news of Rutter’s resignation comes after Jupiter Asset Management also lost star fund manager Ben Whitmore earlier this year, as mid-size fund managers continue to struggle with substantial outflows amid a challenging environment.
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