Royal London Asset Management (RLAM), which manages assets of £148 billion, has announced the appointment of Hans Georgeson as it chief executive officer.
Georgeson will take over the role from Andrew Carter, who will retire at the end of June 2021 after more than 20 years at RLAM.
Georgeson joins RLAM from AXA Group where he spent 10 years as CEO of Architas Asset Management, overseeing its growth from a start-up UK business to a 300-person investment company, responsible for over £40 billion of assets across 12 countries in Europe and Asia.
Prior to this Georgeson held a number of senior executive roles at Barclays Wealth, where he was responsible for its UK and European retail investment business.
He was previously an executive director at Gerrard Investment Management, and ran a retail trading business earlier in his career.
With over 25 years’ financial services experience, Georgeson initially trained as an equity analyst at BZW Investment Management and Merrill Lynch, focusing on Scandinavia and the brewing, tobacco and leisure sectors.
Hans holds two degrees from Oxford University and an MBA from INSEAD.
His appointment as CEO of RLAM is subject to FCA approval.
Royal London CEO Barry O’Dwyer said: “With a proven track record of growing financial services businesses, we believe Hans’ experience and entrepreneurial insight will be hugely valuable in helping RLAM expand its capabilities for the benefit of investors and in meeting our ambitious long-term commercial objectives.
“His appointment builds on the 20-year period of exceptional growth that RLAM has experienced under Andrew Carter’s stewardship, which has seen the company develop a compelling investment proposition to meet the requirements of institutional, wholesale and retail investors.”
Georgeson said: “RLAM’s track record of delivering strong investment outperformance, coupled with a culture that puts the needs of clients at the very heart of its business, has led RLAM to become a leading player within the UK asset management sector.
“I look forward to working with my new colleagues to build on the success that the business has experienced to date and to continuing to deliver the very best products and services to our investors.”