Royal London has announced it has appointed Andrew Carter as chief executive of Royal London Asset Management (RLAM). The move will be effective from 22 September. Andy Carter replaces Chris Phillips who will be moving to Scottish Widows Investment Partnership later this year. Carter is currently the chief investment officer (CIO) of RLAM and will retain this role as well as picking up the new position. Phillips was key in helping establish RLAM through the integration of the United Assurance and Scottish Life investment areas, the acquisition of Union Fund Management and the creation of Royal London Private Equity.