Reema Kotecha joins to further enhance a scalable and efficient operating model for Phoenix Asset Management
Phoenix Group (“Phoenix”), the UK’s largest long-term savings and retirement business, announces the appointment of Reema Kotecha to the newly created role of Chief Operating Officer for its Asset Management team. Reporting directly into Chief Investment Officer, Michael Eakins, Reema will lead on the ongoing development of Phoenix’s investment platform capabilities for the Asset Management team, as well as focusing on enhanced data collection and reporting. In building out these leading Asset Management operational capabilities, Reema will be working closely with the broader Phoenix Group Operations, led by Tony Kassimiotis, Group Chief Operating Officer.
With more than a decade of industry experience, Reema joins Phoenix from EY where she was Director in their Wealth and Asset Management Consulting division, and also served as Chief of Staff to the Global Wealth and Asset Management Consulting Leader. She brings substantial experience of good practice operating models across the front to back office asset management ecosystem.
Prior to her work at EY, Reema spent time at both Deloitte Consulting and Alpha Financial Markets Consulting, working on change programme delivery within the asset management and broader financial services sector.
Commenting on the appointment, Michael Eakins, Chief Investment Officer, Phoenix Group, said:
“Technology is and will continue to be a core strength for us at Phoenix. Reema’s experience will enable us to continue to push forward and deliver best-in-class tech and data analytics capabilities across our asset management operations, which in turn will enable optimal investment outcomes for policyholders and shareholders.”
Reema Kotecha added:
“I’m extremely pleased to be joining Phoenix at this exciting time for the business. I’m looking forward to embracing the Phoenix culture and working with my new colleagues and the broader asset management ecosystem as we continue to invest in delivering a market leading asset management operating model to enable our strategic goals’
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Enquiries
Dilesh Sangaran PR Manager Phoenix Group
07974 604 323 / 0203 735 0942
Dilesh.sangaran@thephoenixgroup.com
Notes to editors About Phoenix Group
Phoenix Group is the UK’s largest long-term savings and retirement business with c.14 million customers and £338 billion of assets under administration across both our Heritage and Open businesses.
Our Heritage business, where we are the market-leader, is focused on the safe and efficient management of insurance policies. The Heritage business comprises products that are no longer actively marketed to customers, and where we have stepped in as the custodian of these policies. We have built this business through the consolidation of over 100 legacy insurance brands.
Our Open business comprises products that are actively marketed to new and existing customers and has five separate business units. Our Workplace pensions and Customer Savings & Investments (“CS&I”) units operate under the Standard Life brand and manufacture long-term savings and retirement products to support people saving for their future.
The Retirement Solutions unit within Open includes both vesting annuities and our Bulk Purchase Annuity (“BPA”) business, where we acquire annuities and deliver the financial stability required to secure pensions currently provided by corporates.
The Open business comprises our market leading brand – “SunLife” – which sells a range of financial products specifically for the over 50s market and our European business unit which spans Ireland, Germany and the International Bond segment in the UK and operates under the Standard Life brand.