Paul Schofield, co-head of global equity at Goldman Sachs Asset Management, has joined Royal London Asset Management (RLAM) as lead manager of the £5.9bn Royal London Global Equity Diversified fund.
Max Newmann will join RLAM later this month from atomos as deputy manager of the £1.2bn Royal London UK Equity Income and the £1.2bn Royal London Dividend Growth funds. He will work alongside Richard Marwood, the lead manager of both funds.
Melanie Mao from Trillium Asset Management will also join RLAM as an equity analyst on 5 September.
In addition, RLAM has made two internal appointments, naming Adam Leahy, associate investment director, and Anna Thornton, responsible investment equity analyst, as analysts supporting the wider global equity team.
These appointments follow the departures of head of equities Peter Rutter and portfolio managers Chris Parr, Will Kenney, James Clarke and Niko de Walden earlier this year. They are establishing their own boutique backed by Pinnacle Investment Management.
As a result, chief investment officer Piers Hillier took responsibility for the wider Royal London global equity team, a role he is set to maintain moving forward.
Schofield, who has more than two decades of experience, said: “I’ve long-admired Royal London Asset Management’s clear strategy, investment performance and strong brand, alongside its focus on delivering first-class capabilities to deliver good outcomes for clients.”