Royal London Asset Management, the £181 billion fund management arm of Royal London, the UK’s largest mutual life, pensions and investment company, announced the appointment of Will Nicoll as Chief Investment Officer (CIO).

Nicoll succeeds Piers Hillier, who recently informed Royal London Asset Management that he intends to step down and “pursue the next stage” of his career outside the firm.

“Since joining in 2023, Will’s leadership and investment expertise have been instrumental in building the foundations for Royal London Asset Management’s private assets capability,” said the firm.

“Additionally, since taking the helm of the fixed income division last year, he has restructured the team and created a platform for product and business growth.

“Will brings insight on the broader issues shaping the industry such as climate change and emerging technologies, along with other pivotal growth drivers.”

Royal London Asset Management CEO Hans Georgeson said: “I am delighted to see Will step into the role as our Chief Investment Officer given his expertise and leadership.

“His appointment demonstrates the effectiveness of our succession planning, providing continuity for our clients and colleagues while reinforcing the depth and breadth of expertise within business.

“Piers Hillier recently informed me that he intends to step down and pursue the next stage of his career outside Royal London Asset Management. I would like to thank Piers for his enormous contribution to our business over the last 10 years and wish him every success for the future.”

Nicoll said: “It’s a privilege to take on this new role having worked alongside such a talented team and I’m looking forward to the next phase of our investment journey.

“My focus will be on supporting our people, enhancing our investment proposition and delivering strong investment outcomes for our clients.”