Will Nicoll is set to take over as Royal London Asset Management’s head of fixed income, with current head Jonathan Platt (pictured) announcing his intention to retire after nearly 40 years at the firm.
Platt will stay on at the firm until the end of 2024 in order to aid the fixed income team’s transition to new leadership.
Nicoll, currently head of private assets, will take over management of RLAM’s fixed income team at the end of 2024 in addition to his current responsibilities.
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RLAM confirmed that there will be no change to the processes currently employed as part of its fixed income capabilities across rates and cash, sterling credit, or global credit, and the strategy for growing these areas remains unchanged.
The firm said its plans to expand its investment capabilities into private markets also remain unchanged.
Piers Hillier, chief investment officer at Royal London Asset Management, said: “Jonathan has had an extraordinary career at Royal London Asset Management, building our fixed income offering from scratch. A tenure of nearly 40 years is remarkable and is reflected in the strength and breadth of the team he has built over that period.
“In appointing Will to be Jonathan’s successor, we have a hugely experienced fixed income investor, whose investment style and proven track record in building and managing investment capabilities complements the Fixed Income Team’s skillset, providing consistency and assurance for clients.”
Platt added: “Royal London has given me the trust and space to grow a talented team since I joined in 1985. The fixed income team has always evolved, offering our clients new strategies and investment options, underpinned by clear investment philosophies.
“I have every confidence in the team that they will continue to deliver for our clients, based upon an experienced and collaborative team, with the strength of mind to be different.”
