March 06, 2015 7:50 AM ET

Capital Markets

Company Overview of Legal & General Investment Management

Company Overview

Legal & General Investment Management is a privately owned investment manager. The firm provides its services to pension funds, charities, multi-managers, friendly societies and other non-pension institutional clients. It manages pooled and segregated equity, fixed income, index, and property funds for its clients. The firm also manages hedge funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm operates as a subsidiary of Legal & General Group Plc. Legal & General Investment Management is based in London, United Kingdom with an additional office in Central, Hong Kong.

One Coleman Street

London,  EC2R 5AA

United Kingdom

Phone:

44 20 3124 3000

Key Executives for Legal & General Investment Management

Chief Executive Officer and Director
Chief Finance Officer
Age: 45
Chief Operating Officer
Head of U.S. Investment-Grade Bonds
Managing Director of Index Funds
Compensation as of Fiscal Year 2014.

Legal & General Investment Management Key Developments

Legal & General Investment Management Reports Earnings Results for the Year 2014

Legal & General Investment Management reported earnings results for the year 2014. For the period, the company reported net inflows of £7.6 billion in 2014, a 63% fall on the growth seen in 2014, but sufficient to take the company's total assets under management (AUM) up to £708.5 billion. Overall, the company's revenue rose from £594 million to £645 million year-on-year, while operating profit rose from £336 million to £304 million as total AUM rose from £449.5 billion to £499.1 billion. At a group level, Legal & General saw profit after tax rise 9% from £906 million to £992 million, while net cash generation rose 10% from £1 billion to £1.1 billion.

Legal & General Investment Management Appoints Honor Solomon as Head of Retail Distribution for Europe, Middle East and Africa

Legal & General Investment Management has appointed Honor Solomon as head of retail distribution for Europe, Middle East and Africa. Solomon joins from BlackRock where she was a managing director, responsible for overseeing sales and client relationships. Prior to this, Solomon worked in the business development team at Merrill Lynch Investment Managers. In the new role Solomon will report into LGIM global head of distribution Mike Craston.

Legal & General Investment Launches New Delegated Solutions Service

Legal & General Investment Management has announced the launch of its new delegated solutions service. As part of its delegated solutions service, LGIM is launching a suite of Buy-out Aware funds for pension schemes looking to move to buy-out. (This occurs when an insurer takes over responsibility from the trustees and sponsor of a pension fund for meeting the pension liabilities.) Schemes invest in a bespoke blend of LGIM corporate bond and liability matching funds, and LGIM leverages its expertise across LDI, Active Fixed Income, Index, and managing insurance assets generally. The funds have three principal objectives: to close the gap between a pension scheme's current assets and the cost of buy-out; to better match any changes in the buy-out cost; and to lower the transaction cost at the point of buy-out, and for a buy-out with L&G retirement, at a default transaction cost of zero.

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Date
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Merger/Acquisition
November 21, 2014
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Merger/Acquisition
October 23, 2014
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Merger/Acquisition
October 15, 2014
CSR plc
 

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