The Association of British Insurers has named Royal London Asset Management’s Robert Talbut as chairman of its investment committee.
Talbut is director chief investment officer at RLAM and currently deputy chairman of the committee but will take over from incumbent Alain Domer.
Domer, chief executive of Aviva Investors, is stepping down as chairman of the committee due to “signifiantly increased time requirement” of stewardship activities and the government’s Kay Review.
Otto Thoresen (pictured), director general of the ABI, says Talbut is “one of the most respected investment leaders in the UK”.
He adds: “The ABI board is very grateful for the important contribution Alain Dromer has made and the leadership he has shown over the last two years and I would like to place on record my personal appreciation for his advice and support since I became director general.
“Investment is a critical part of the ABI’s work. Being responsible institutional investors – whether driving strong shareholder engagement, investing in infrastructure or driving growth – is an essential counterpart to the value the insurance industry plays in ensuring millions of customers have the protection they need in their everyday lives.”
Talbut will take up his new chairman role of the committee on January 17 and has been appointed to the board with immediate effect.
The RLAM chief investment officer is also a member of the Investment Management Association’s asset management committee and a member of the Listing Authority advisory committee.