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Royal London Asset Management appoints Phillips to parent

Royal London Asset Management chief executive Chris Phillips (45) has been appointed to the board of the parent life office.

Royal London says this move follows the expansion of RLAM funds under management since Phillips became chief executive in April 2000.

The funds have increased to £27bn from £9bn in March 2000. During this period RLAM acquired the United Assurance Group and announced the transfer of funds under management to RLAM from Scottish Life Investment Management.

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