Royal London said its Group Chief Financial Officer Daniel Cazeaux has been appointed interim CEO of Royal London Asset Management — which manages £212 billion of assets — after Hans Georgeson stepped down as CEO after five years in the role.
Royal London, which employs more than 1,000 in Scotland, said Georgeson’s time as CEO was “a period that has seen the business grow rapidly while strengthening its reputation for being one of the UK’s leading responsible investors.”
“Barry O’Dwyer, Royal London’s Group Chief Executive Officer, will now begin a process to find a successor for Hans,” said Royal London.
“In the interim, Daniel Cazeaux, Group Chief Financial Officer, has been appointed to the role.
“Dan joined Royal London in 2020 and is a chartered accountant with strong financial services expertise. Before joining Royal London, he was a partner at KPMG in the UK, where he led client teams supporting UK and global financial services companies.
“Dan has been closely involved in Royal London Asset Management’s strategy and in the development of the Group’s private markets ambitions, including the acquisition of Dalmore Capital, a UK-based infrastructure investment manager.
“Dan will join the Royal London Asset Management, Royal London Unit Managers and Royal London Unit Trust Managers Boards and will remain on the Royal London Mutual Insurance Society Board.
“He will provide continuity and stability until a permanent successor is appointed.”
O’Dwyer said: “I would like to thank Hans for his significant contribution over the past five years. Under his leadership, Royal London Asset Management has grown strongly, broadened its investment capabilities and strengthened its position as a leading UK asset manager. We wish him continued success in his next role.
“Dan is an excellent interim appointment. He combines deep financial services expertise with a strong understanding of Royal London, Royal London Asset Management and the strategic priorities shaping the business. This means he is well placed to support Royal London Asset Management through this period and maintain our focus on delivering for clients.”
Cazeaux said: “Royal London Asset Management is a business with strong momentum, a clear strategy and a highly capable leadership team.
“I have worked closely with Hans over recent years and have seen first-hand the strength of Royal London Asset Management’s investment capabilities, client focus and long-term ambition. I look forward to working with colleagues to maintain that momentum, continue delivering for clients and support the next stage of the business’s growth.”