Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

CIO Mercer is latest Co-op alumnus to exit Royal London

CIO Mercer is latest Co-op alumnus to exit Royal London

John Mercer has joined the list of Co-operative Banking Group alumni to have left Royal London since its acquisition of the former’s fund management and life insurance businesses last year.

Mercer, who had worked at Co-operative Asset Management for more than 10 years, became its chief investment officer in 2010. He had served as head of fixed income there for the prior four years.

A spokesperson for Royal London Asset Management told Wealth Manager that Mercer had departed as part of the consolidation process following the £219 million acquisition.

Robert Talbut remains as Royal London Asset Management’s chief investment officer.

Mercer had been a prominent advocate of responsible investing, and last year for example co-signed a letter to the Treasury Select Committee calling for an investigation into allegations that senior Treasury economists blocked a review into the effects of climate change on the UK economy.

Other senior investment executives from the Co-op side to have exited Royal London this year alone include formerly AA-rated bond manager Jamie Bebb, A-rated UK equity manager Neal Foundly, head of external funds Linda Desforges, bond manager Daniel Fox, portfolio manager Elaine Fox, and Simon Yarwood, who was head of equities and derivatives trading and also ran the Co-op’s FTSE4Good tracker fund.

Set against this Royal London strengthened its sustainable investment team in the North West last month by recruiting former Swip UK equity manager Jon Bale.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter