Royal London Asset Management (RLAM) has made two fresh distribution hires as it continues in its efforts to woo the advisory market.
As part of this push, RLAM has appointed two business development managers, Filippo Madonia and Paul Keogh, covering Scotland and the south east of England respectively.
Mr Madonia joins from M&G Investments, where he was business development director for Scotland and Northern Ireland, while Mr Keogh previously worked at Premier Asset Management as a business development consultant whose remit covered the south east of England.
Earlier this year Investment Adviser revealed that the asset manager had poached Phil Reid (pictured), then of HSBC Global Asset Management, to join as head of wholesale.
The hire followed the departure of Ian Goulsbra in 2015, and came as RLAM looked to expand distribution beyond the likes of wealth managers and multi-managers, with a focus on “broadening into the advisory space”.
Mr Madonia has previously worked for the likes of Prudential and Friends Provident, while Mr Keogh has held roles at Kames Capital and Cofunds.
Both will report to Mr Reid. In a statement the firm said: “The appointments reaffirm RLAM’s commitment to expand in the wholesale space, with particular focus on the UK advisory sector.”
Earlier this year RLAM also launched a range of multi-asset portfolios aimed at advisory clients, managed by Trevor Greetham.
