Royal London Asset Management
 | |
| Private | |
| Industry | Investment Management |
| Founded | 1988 |
| Headquarters | London, UK |
Key people | Andy Carter, CEO |
| Products | Equities, Fixed Income, Property, Cash |
| Parent | Royal London Group |
| Website |
www |
Royal London Asset Management (RLAM) is a UK-based investment management company with assets under management of more than £82 billion (as at 31 December 2014).[1] Like most mainstream investment management companies, RLAM invests across all major asset classes, including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash. It is a wholly owned subsidiary of the Royal London Group, the UK's largest mutual insurance company.[1]
History
In 1987, the Royal London Mutual Insurance Society decided to establish its investment department as a separate investment management subsidiary, 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 around £25 billion by the end of 2004. Further expansion, including the acquisition of The Co-operative Asset Management in 2014, has seen this rise to over £82 billion (as at 31 December 2014).[1]
Current operations
RLAM manages investments for both its parent company, the Royal London Group, and many 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's Cash Management Team in London (for UK onshore clients) and its Guernsey-based affiliate, Royal London Asset Management Channel Islands (RLAM (CI)) (for offshore clients). RLAM employs more than 70 investment professionals, based in the company's London and Wilmslow offices.
References
- ↑ 1.0 1.1 1.2 royallondongroup.co.uk. RLAM http://www.royallondon.com/about/annual-reports/2013annualreport/. Retrieved 2015-04-10. Missing or empty
|title=(help) - ↑ 2.0 2.1 2.2 Royal London Group history http://www.royallondongroup.co.uk/aboutus/ourhistory/