LEGAL & GENERAL INVESTMENT MANAGEMENT APPOINTS NEW MANAGERS
(The following press release from Legal & General Investment Management was received by e-mail. The sender verified the statement.)
Legal & General Investment Management grows its European operation to meet increasing client demand for its investment capabilities
Legal & General Investment Management (LGIM) is pleased to announce the promotion of Andrew Hitchings to Head of UK Institutional Business. In his expanded role, he will be responsible for ensuring that LGIM focuses on developing and delivering an exceptional client experience. Andrew joined LGIM in September 2012, as Head of Large UK Clients, from State Street Global Advisors. He started in the industry in 1985 at Commercial Union and has an extensive investment background in a range of fund management roles.
In addition, LGIM is also pleased to announce the following new appointments:
Johan Rydqvist joins in the newly created position of European Sales Manager. Johan will focus on expanding LGIM’s sales activities in the Nordic, Swiss and German markets and will help grow LGIM’s international assets which stand at £43bn as at 31 December 2012. Johan joins LGIM from Merrill Lynch.
John Tsalos joins in the newly created position of Head of Defined Contribution (DC) Distribution and Product Strategy. John will work closely with the client relationship teams to enhance LGIM’s DC distribution strategy to meet growing client interest. LGIM’s DC offering experienced strong demand in 2012 with assets growing by 19% to end the year at £25.4bn. John joins LGIM from Standard Life.
Victoria Parrish joins as Head of RFPs and Marketing Analytics. LGIM continues to experience significant demand for its products and capabilities, culminating in net new business inflow of £7.1bn last year. Victoria will be responsible for ensuring the efficient management of the large volume of RFPs and RFIs received by LGIM. She joins the business from Credit Suisse Asset Management.
Taryn Leibbrandt joins as Client Relationship Manager and will take responsibility for the development of a portfolio of institutional clients. Taryn joins LGIM from T. Rowe Price.
Hugh Cutler, Head of Europe and Middle East said, “We have experienced significant levels of client-led growth in the last few years, particularly in areas such as DC in the UK, Active Fixed Income, Index and Property in Europe. It is the right time for us to grow our resources to support this client demand. We have always been strongly committed to the long-term needs of clients and their investment advisors. Indeed, the success of our business is built on the understanding that, by working closely with our clients and their advisors, we can get to the heart of what matters most, to enable us to deliver the right investment solutions to meet their evolving needs.”
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