Aon Asset Management (AAM) has appointed Tony Child as Distribution Director to secure Manager of Managers distribution deals throughout Europe, focusing on the international life and banking sectors.
The role follows AAM’s deal with Norwich Union to run its new range of Manager of Managers funds, which aims to give Norwich Union customers access to fund managers previously available only to pension schemes and larger corporates.
“Tony brings over 30 years’ experience to AAM, with a long and successful track record of selling financial products to UK and continental European insurance and fund management companies,” says Adrian Swales, Managing Director of AAM. “We are excited by Tony’s decision to join us and feel that with his knowledge of the financial services industry and his high level relationships we can successfully replicate our business model in the UK retail space across a number of strategic markets in Europe.”
Child was previously Head of European Insurance at The Bank of New York (London) and prior to that he held the position of Head of European Insurance at First Union National Bank (London). Earlier roles included Client Relationship Manager and Vice President with Bankers Trust Company (London), where Child was responsible for their European insurance business.
“I got to know Aon Asset Management extremely well during my tenure at The Bank of New York, when we worked together on fund administration,” says Child. “I was greatly impressed by their professionalism and enthusiasm over many months of close cooperation. Joining such a dedicated team was an easy decision to make, and I relish the challenge of ensuring that our Manager of Managers product is as successful in Europe as it is in the UK.”
In his new role, Child will report to Adrian Swales.
The AAM Manager of Managers funds consist of Income, Cautious, Balanced and Growth funds, and are distributed via IFAs and now Norwich Union’s direct distribution channels. The Norwich Union deal gives AAM responsibility for selecting the underlying managers across Norwich Union’s OEIC, ISA, PEP and life products, tracking their performance and changing them when necessary.