Royal London Group’s funds under management pass £3bn for the first time in its cash and Guernsey-based operation.
The assets managed by Royal London Cash Management and Royal London Asset Management Channel Islands have doubled since the two companies were incorporated into the Royal London group in 2001.
RLCM, the company’s London-based cash management operation, currently manages £2bn of liquidity assets on behalf of UK onshore clients, with £1.2bn being managed in Guernsey by RLAM CI for offshore investors.
RLCM investment director Tom Meade says: “The rise in funds under management of our combined cash operations can be attributed to a strong performance track record and the quality of service we are able to offer our clients.
“By using a highly scaleable business model, we have been able significantly to grow our funds under management whilst not compromising the investment performance of our portfolios. We look forward to further strong growth in the coming years.”