Royal London Asset Management (RLAM) announced the appointment of Phil Reid as Head of Sales, a newly created role.

Royal London Asset Management manages £169 billion of assets. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.

Reporting into Chief Client Officer, Ed Venner, Reid will oversee both wholesale and institutional sales in the UK and internationally.

The Royal London group employs roughly 1,000 in Scotland and includes the former Scottish Life and Scottish Provident businesses.

Venner said: “We are ambitious to build on our successes, looking at continued growth in both wholesale and institutional channels, in the UK and internationally.

“We believe our value proposition to clients is compelling and Phil’s deep commitment to clients, together with his industry expertise and strategic vision, will play a pivotal role in accelerating our growth in the years ahead.”

Reid said: “We are one of the top-selling active managers in the UK, and I will be working closely with our clients and partners to deliver tailored investment solutions that meet their evolving needs.”

Reid joined Royal London Asset Management in 2016 as Head of Wholesale, having previously spent a decade at HSBC Global Asset Management. He has over 20 years of industry experience.