Royal London Asset Management(RLAM) head of equities Jane Coffey is "in discussions" with the group over her future as the group overhauls the management of some of its equity funds.
The restructure will see RLAM switch its Japanese and Far Eastern assets from active to passive strategies, subject to FSA approval and a shareholder vote. As a result, Jonathan McClure, manager of the £289m Royal London Japan Growth fund, and Edward Chan, manager of the £478m Royal London Far East fund, will leave the group. The two funds, along with £360m in separately-managed assets in these regions, will now be managed by the RLAM passive equity team. RLAM is also in talks with equity head Coffey "regarding how [these changes] will impact her", the group said in a statement. ...
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