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
Citywire TV
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter