legal & general group plc (LGGNF) Key Developments
Legal & General to Close its Surrey Headquarters
Jun 17 15
Legal & General is to close its Surrey headquarters as part of a cost cutting drive that has already seen senior staff exit and a major restructuring of business divisions. The company employs 1,700 people in its purpose built, 50 acre Kingswood office but says it will be closing it 'over the long-term' as part of 'efficiency' savings.
Legal & General Group Plc Presents at Goldman Sachs 19th Annual European Financials Conference 2015, Jun-15-2015
Jun 16 15
Legal & General Group Plc Presents at Goldman Sachs 19th Annual European Financials Conference 2015, Jun-15-2015 . Venue: Rome, Italy. Speakers: Mark J. Gregory, Group Chief Financial Officer, Executive Director, Member of Group Insurance Risk Committee and Member of Group Investment & Market Risk Committee.
Legal & General Reportedly To Divest French Insurance, Private Bank Units
Jun 15 15
Legal & General Group Plc (LSE:LGEN) seeks to divest its insurance and private-banking units in France, a person with knowledge of the matter said. Lazard Ltd. is advising on the sale and the process is in its final stages, said the person. Les Echos reported the sale earlier that valued the business at €150 million to €200 million.
Legal & General To Sell Cofunds
Jun 15 15
Legal & General Group Plc (LSE:LGEN) is planning to sell Cofunds Holdings Limited, New Model Adviser can reveal. Fenchurch Advisory Partners has been appointed as an advisor for the possible sale. An information memorandum has been sent to potential suitors and a deadline for initial bids is set for the end of July 2015. Deloitte is representing the private equity house and KPMG is representing the trade bidder. L&G, Fenchurch, Deloitte, KPMG and Cofunds all declined to comment.
Simon Lloyd to Leave Legal & General as Finance Director for Retail Savings
May 6 15
Cofunds announced that Simon Lloyd has left the business as finance director. Lloyd, who was also Legal & General's finance director for retail savings, has left both companies. Lloyd has been replaced by Michael Rudge, formerly managing director of insured savings at L&G.