RLAM Hires Paola Binns as Credit Fund Manager
Friday, 3 August 2007
Royal London Asset Management (RLAM) has recruited Paola Binns as a Credit Fund Manager, reporting directly to RLAM's Head of Fixed Interest, Jonathan Platt. She will join the company on 13th August and will be responsible for managing a broad range of credit funds.
With experience across business cycles going back to 1986, Paola has developed a strong track record across a wide range of fixed income assets. Specialising initially in European credit and government bond markets through roles at Kidder Peabody, Paine Webber International and Raiffeisen Zentralbank, Paola has spent the past six years at Credit Suisse Asset Management (CSAM), where she managed £4bn of Sterling credit assets. Paola was also a member of CSAM's Global Credit Committee and UK Strategy Group.
Jonathan Platt, Head of Fixed Interest, commented;
"I'm delighted to announce Paola's appointment at this exciting time for RLAM's fixed interest team. Paola is a proven Credit Fund Manager and her depth of experience across a variety of bond markets will be a great asset to the team. We've been very successful in winning new fixed interest business in recent years and Paola's appointment helps us ensure we have the appropriate resources in place to continue to deliver strong returns for our clients."
Paola herself added;
"I'm excited about joining one of the most highly regarded fixed interest teams in the City. RLAM has a range of great fixed interest products and I'm looking forward to working with my new colleagues across a number of these."
- ENDS -
For further information please contact:
Royal London Asset Management
Stephen Watchorn
Marketing and Communications Manager
Tel: 020 7506 6500
Polhill Communications
John Fryer
Tel: 0207 655 0500
Editor's notes:
Paola Binns career summary
March 2001 to present
Credit Suisse Asset Management, Fixed Income Portfolio Manager
April 1998 – March 2001
Raiffeisen Zentralbank, Emerging Market Debt Salesperson
March 1994 – January 1998
Paine Webber International, Sovereign European Debt Trader
March 1986 – March 1994
Kidder Peabody, Government Bond Trader
Number of investment professionals in RLAM's fixed interest team = 9 (excluding Paola Binns)
Fixed interest and cash funds under management at RLAM = £15.74bn (as at 30/06/07)
Average experience of current fixed interest team members = 17 years
RLAM's fixed interest team has won a number of industry awards in recent years, recognising the strong performance that our experienced team offers. These include:
European Fixed Income Manager of the Year in the 2007 Global Investor Awards for Investment Excellence.
Investment Week's UK Corporate Bond Fund Manager of the Year 2005 and short-listed for the award in 2004 and 2006.
MoneyWise 2006 Awards highly commended for RL UK Corporate Bond fund.
UK Pensions Specialist Manager of the Year 2006 and 2005 (Professional Pensions) and short-listed in 2007.
UK Pensions Fixed Income Manager of the Year 2005 and short-listed 2006 and 2007 (Professional Pensions).
Royal London Corporate Bond Trust AAA rated by Forsyth OBSR (formerly known as Royal London Income Trust).
Royal London Sterling Extra Yield Bond Fund AAA rated by Forsyth Partners.
Royal London Asset Management (RLAM) was established in 1988 and specialises in providing investment management solutions for both the Royal London Group and a range of external institutions. These include FTSE 250 companies, local authorities, universities, charities, wealth managers, financial advisers and private clients. RLAM manages over £32bn of assets, employing more than 50 experienced investment professionals in our London based office.
Royal London Group, is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
Scottish Life – UK pensions market
Bright Grey – UK protection market
Scottish Life International – offshore investment markets
RLAM – fund management
RLAS – life and pensions administration
Royal London is one of the stronger life and pension companies in the UK, and has a strong track record for with-profits performance. Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.7 billion. Group businesses serve around three million customers and employ 2,570 people (figures quoted are as at 30 June 2007).
rlam is a marketing brand including the following companies:Royal London Asset Management Limited registered in England & Wales number 2244297; Financial Services Authority (FSA) register number 141665.Royal London Pooled Pensions Company Limited registered in Scotland number SC048729; FSA register number 110456.Royal London Unit Trust Managers Limited registered in England & Wales number 2372439; FSA register number 144037.All of the above are authorised and regulated by the Financial Services Authority.
It also includes Royal London Asset Management Bond Funds Plc registered in Ireland number 364259 and regulated by the Irish Financial Services Regulatory Authority (IFSRA).
All these companies are subsidiaries of The Royal London Mutual Insurance Society Limited registered in England and Wales number 00099064.Head office:55 Gracechurch Street, London EC3V 0RL.
Our reference: 414-PR/PROF-08/2007-SW