Royal London Asset Management (RLAM) is a UK-based investment management company with assets under management of more than £40 billion (as at 31 December 2010).[1] RLAM invests across all major asset classes, including UK and overseas equities, government bonds, corporate bonds, property and cash. It is a wholly owned subsidiary of the Royal London Group, the UK’s largest mutual insurance company.[1]
| Type | Private |
|---|---|
| Industry | Investment Management |
| Founded | 1988 |
| Headquarters | London, UK |
| Key people | Andy Carter, CEO Robert Talbut, CIO |
| Products | Equities, Fixed Income, Property, Cash |
| Parent | Royal London Group |
| Website | www.rlam.co.uk |
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In 1987, the decision was made by the board of the Royal London Mutual Insurance Group to establish its investment department as a separate investment management subsidiary. This was in order to offer products and services to a wider marketplace.[2] Royal London Asset Management (RLAM) was formed in 1988, won its first external client in 1990 and continued to attract new business through the 1990s. The early part of the following decade was a period of more rapid growth. The acquisitions of United Assurance,[2] Scottish Life[2] and the cash management business of Union Discount (subsequently renamed Royal London Cash Management) led to an increase in assets under management to approximately £25 billion by the end of 2004. Further expansion has seen this rise to over £40 billion (as at 31 December 2010).[1]
RLAM specialises in providing investment management solutions for both its parent company, the Royal London Group, as well as a wide range of external clients. These include company pension schemes, universities, charities, endowments and insurance companies. RLAM also offers mutual funds targeted at wealth managers and financial advisers. Cash management is provided by Royal London Cash Management (RLCM) (for UK onshore clients) and its Guernsey-based affiliate, Royal London Asset Management Channel Islands (RLAM (CI)) (for offshore clients). The two companies together form the UK’s largest segregated cash manager,[1] managing assets on behalf of more than 60% of UK universities. RLAM employs more than 50 investment professionals, all of whom are based in the company’s London office.
Among recent awards that RLAM has won are: