UK – Royal London Asset Management has restructured its senior positions with the promotion of Jane Coffey to head of equities and Jonathan Platt as head of fixed income.

Coffey was previously responsible for the UK equity retail team, but will now head up institutional and retail equities. She will support Andrew Carter in his two roles as chief investment officer and chief executive officer, which he takes on at the end of September.

Carter is presently chief investment officer, and will also become chief executive officer when Chris Philips joins Scottish Widows Investment Partnership at the end of the month.

Jonathan Platt was appointed last week as head of fixed interest for RLAM and has overall responsibility for all fixed interest and cash portfolios.

A spokeswoman for RLAM said that the change in structure is to align the company with the industry’s shift from balanced to specialist mandates by introducing heads of desks.

David Hughson, deputy chief executive officer and head of sales and marketing at RLAM adds: “We recognise that the industry is moving away from balanced to more specialist mandates and management structures need to adapt to these developments.

“The head of equities and head of fixed interest positions demonstrate RLAM’s ability to react positively to the challenges ahead.”

Royal London Asset Management and Royal London Cash Management have assets under management of 22.24 billion pounds (31.8 billion euros) at the end of July 2003.