Royal London Asset Management has lined up former Architas boss Hans Georgeson to replace chief executive Andrew Carter who will retire at the end of June.
Georgeson spent over a decade at Axa Group as the chief executive of Architas, leaving the business last October just months after its UK division was snapped up by Liontrust. During his tenure he took the multi-manager from a start-up to a 300-person investment company with over £40bn in assets across 12 countries in Europe and Asia.
RLAM announced on Thursday he would succeed current chief executive Carter who will retire at the end of June after more than 20 years at the fund group.
Royal London chief executive Barry O’Dwyer said Georgeson’s appointment builds on the “20-year period of exceptional growth” under Carter’s stewardship.
“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,” O’Dwyer said.
Georgeson has spent over 25 years in financial services, holding a number of senior executive roles at Barclays Wealth where he was responsible for its UK and European retail investment business. He has also worked at Gerrard Investment Management and trained as an equity analyst at BZW Investment Management and Merrill Lynch focusing on Scandinavia and the brewing, tobacco and leisure sectors.
Commenting on his appointment 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.”
