LONDON (Reuters) – British insurer and asset manager Royal London plans to sell its Russian assets as soon as possible, its CEO Barry O’Dwyer said on Friday.
“We can’t trade these things anyway, but as soon as we can, we obviously intend to divest,” he told Reuters.
Royal London has less than 0.1% of its assets in Russia, through stock index funds. It has no active investments in the country, O’Dwyer said.
Royal London reported record assets under management of 164 billion pounds ($218.38 billion) and a sharp rise in 2021 profit on Friday.
(Reporting by Carolyn Cohn; editing by John O’Donnell)
