Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter