Mr Hillier will join the business on 5 January and will be responsible for "driving forward" RLAM's investment capabilities and expanding its investment offering to attract new business. The business reported new external business inflows of £1,315m for Q2 2014 (Q2 2013 £308m).
With more than 17 years' experience across Asset Management, the company says that Mr Hillier has extensive experience in equity strategies and considerable experience in leading investment teams.
He joins the business from Kames Capital, where he has worked since 2012 as head of international equities. Prior to that, he has held CIO roles twice, for LV= Asset Management and West LB Asset Management. This appointment is subject to regulatory approval.
Andrew Carter, chief executive of Royal London Asset Management, said: "I am delighted that Piers is joining the business at a time when our investment and business performance is so strong. He has the credentials and experience to help us move into our next phase of growth and we look forward to working with him."

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Mr Hillier says: "I am excited to be joining Royal London Asset Management whose excellent results speak for themselves and to be joining them from such a strong starting position gives me a great opportunity to take us forward, working with our sister companies and 3rd parties to develop appropriate investment solutions for our ever changing world."
Mr Hillier succeeds Robert Talbut who will leave the organisation at the end of December after 10 years to pursue other interests.
Mr Carter says: "Robert has overseen a period of very strong investment performance and has made a significant contribution to the business, which we greatly appreciate."
Royal London is a UK mutual life and pensions company in the UK with Group funds under management of £77 billion. Group businesses serve around 5.3 million customers and employ over 2,900 people. Over the next two years the Group is moving to operate all of its UK life, pension and investment business under a new version of the Royal London brand.
Royal London Asset Management is now under the new over-arching brand and the Scottish Life, Scottish Provident and Bright Grey brands will migrate over the next 18 months. The Group's wrap platform will remain branded Ascentric, an IFP Corporate Member.