Phoenix Group has appointed Michael Eakins from ReAssure into the newly created role of CIO, subject to regulatory approval and completion of the ReAssure acquisition.
On completion of the ReAssure acquisition, Phoenix Group will become the largest retirement and savings provider in the United Kingdom, with some £330 billion ($374 billion) in assets under management.
Eakins joined ReAssure in June 2019 as their CIO and prior to that he was a managing director at Goldman Sachs, where he was responsible for the European Pension and Insurance Business and U.K. Rates sales.
The new investment team will be responsible for the investment strategy for all shareholder and policyholder assets, working closely with investment partners. A key focus for the team will be its proactive approach to responsible investment and managing assets in a way that embeds ESG considerations in the investment decision-making process.
Phoenix sources investment opportunities in ass
