The UK investment manager has yet to name a permanent replacement for the European equities fund manager.

Senior fund manager Andrea Williams has left Royal London Asset Management after 30 years at the firm.

Williams was most recently manager of the £273.6 million ($333.8 million) Royal London European Opportunities fund. The fund, which invests in a concentrated portfolio of primarily European company shares, has returned 9.4 per cent this year, compared to a sector average performance of -1.6 per cent, according to Morningstar.

Mike Fox, head of sustainable investments at RLAM, has been appointed to replace Williams. He will take over the management of all of RLAM’s European equities funds, on an interim basis, until a replacement has been found, the company said in a statement.

“RLAM can confirm that Andrea Williams has agreed to leave Royal London Asset Management. We would like to thank her for her service and hard work over the past 30 years. We wish her well for the future,” RLAM said. 

“As mentioned previously, RLAM is fully committed to its active European equities offering and is taking the opportunity to review this area.”