Royal London Asset Management plants flag in Australia

Royal London Asset Management has appointed a Sydney-based regional sales head to expand the firm's footprint in Australia.

The UK active investment manager named Kevin Haran to assume the newly created role.

Haran will be responsible for establishing an on-the-ground presence, deepening relationships with existing institutional clients, and leading business development efforts across superannuation funds, platforms, and consultants.

He will also help shape the local strategy, represent the firm at industry events and forums, and contribute to long-term business planning.

Royal London Asset Management said it's executing a multi-year growth plan by broadening its investment proposition and expanding its client base in the UK and select international markets.

Australia, Royal London said is a "natural growth market," given its cultural and regulatory alignment with the UK.

The asset manager also pointed to the relevance of its heritage as a retirement and investment mutual for Australian institutions.

"Kevin brings exactly the right mix of experience, relationships and entrepreneurial energy to lead our growth in Australia," Royal London Asset Management head of sales Phil Reid said.

"His appointment is a major step forward in our ambition to bring Royal London Asset Management's distinctive investment approach and client-focused culture to a broader global audience. We're delighted to welcome him to the team."

Haran, meanwhile, said Royal London was "uniquely positioned" and possessed the ability to take a "truly long-term perspective."

Royal London said he will work closely with the firm's London-based teams to deliver quality service to clients and ensure alignment with the firm's growth strategy.

The firm added that it anticipates further investment in local resources and partnerships.