Stephen Elliott joins RLAM as Property Fund Manager
Thursday, 13 December 2007
Royal London Asset Management (RLAM) has recruited Stephen Elliott as a Property Fund Manager, reporting directly to RLAM's Head of Property, Gareth Dickinson. Stephen joins the property team to take over the management of the Royal London Exempt Property Unit Trust.
Stephen joins RLAM from Morley Fund Management, where he worked as a Fund Manager in the Segregated Funds Team. Prior to this, he worked as an Asset Manager at ISIS Property Asset Management (now F&C Asset Management), after positions at Hunter Payne and Dron and Wright.
Gareth Dickinson, Head of Property, commented:
"I'm delighted that Stephen has joined RLAM's Property team to manage the Exempt Property Unit Trust. This is an important hire for us and I'm very pleased that we have been able to attract such a high calibre and proven fund manager to take over the management of this fund. His experience of both the fund and asset management parts of the business will be a great asset to the team and to investors in the fund."
Stephen Elliott said:
"I'm excited to be joining one of the UK's specialist players in the commercial property investment market. RLAM has built up a strong reputation in managing a wide range of property assets and I'm looking forward to embracing the challenges in my new role as manager of the Exempt Property Unit Trust."
-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: 020 7655 0500
Editor's notes:
Stephen Elliott career summary
- September 1995 – March 1997
- Hunter Payne, Surveyor – Professional and Agency Department April 1997 – June 2000
- Dron and Wright, Senior Surveyor – Landlord and Tenant Team June 2000 – December 2003
- ISIS Property Asset Management, Asset Manager – Commercial Team December 2003 – November 2007
- Morley Fund Management, Property Fund Manager – Segregated Funds Team
Number of investment professionals in RLAM's property team = 12
Property funds under management at RLAM = £3.2bn (as at 31/10/07)
The Royal London Exempt Property Unit Trust is a broadly diversified UK commercial property fund that is available to tax exempt investors with over £250,000 to invest. Launched in 1991, the fund is currently valued at £212m.
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 £32.9 billion. Group businesses serve around three million customers and employ 2,580 people (figures quoted are as at 30 September 2007).
Source:rlam as at 12th December 2007, unless otherwise stated.
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: 632-PR/PRO-12/2007-SW