(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
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.”
– Ends –
For further information, please contact:
Tel: 0203 124 2096
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