RLAM CIO Talbut quits

Royal London Asset Management (RLAM) chief investment officer Robert Talbut is to depart the company at the end of the year, with Kames Capital's Piers Hillier set to succeed him.

Talbut (pictured), who has spent the past ten years at RLAM, will step down to pursue other interests, the company said. He will be replaced by Hillier, head of international equities at Kames since 2012, subject to regulatory approval. Hillier was previously CIO at LV Asset Management and, before that, West LB Asset Management. "[Hillier] has the credentials and experience to help us move into our next phase of growth, and we look forward to working with him," said RLAM CEO Andrew Carter. "Robert has overseen a period of very strong investment performance, and has made a significa...