Royal London Asset Management (RLAM) has poached Andrew Carter as chief investment officer (CIO) after 14 years at Gartmore Investment Management (GIM).
As CIO, Carter will be responsible for overseeing the entire investment strategy and for RLAM’s £28.5bn funds under management, which includes institutional and retail funds.
Carter joins from GIM where he headed UK equities since 1999 and was a member of the investment executive committee. Prior to that he led the firm’s UK institutional equities division from 1997, and was a European fund manager at GIM from 1987 to 1997.
Before GIM Carter was a European fund manager at Mercantile & General Reinsurance, running both fixed income and equity portfolios from 1985 to 1987.
Commenting on his move Carter said his new role provided the opportunity to undertake “a more strategic role [and to] drive investment performance and strategy”.
By Madhu Kalia
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