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Royal London poaches HSBC wholesale chief Phil Reid

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Royal London Asset Management has appointed Phil Reid as head of wholesale where he will also be responsible for growing the firm’s advisory proposition.

Reid joins from HSBC Global Asset Management where he was also head of UK wholesale. Prior to that he was sales director at Close Asset Management and held roles at the National Bank of Canada and RJ Temple.

Reid will report to RLAM head of distribution Rob Williams and be responsible for expanding the wholesale business including supporting the launch of the manager’s new multi-asset fund range.

Williams says: “Phil is a key hire for us. He brings a wealth of experience and enthusiasm that will help spearhead our growth ambitions in the wholesale market, with a particular focus on the UK advisory sector.”

Reid says: “I am excited to be joining RLAM at such a pivotal time. The company has a strong capability across major asset classes and a real commitment to build upon its established UK footprint.”

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