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April 21, 2015 4:54 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

National Employment Savings Trust Selects Legal & General Investment Management to Manage Single-Year Gilt Strategy Shift

The National Employment Savings Trust has selected Legal & General Investment Management to manage its strategy shift from cash and money market funds to UK Gilts. The company will manage 10 single-year maturity Gilt funds for the state-backed master trust as it looks to squeeze additional yield from its cash exposure. The company's funds will be used on a rolling basis as each single-year fund matures, it is replaced with a 10-year maturity fund. The funds will invest in mainly short-dated Gilts with some medium-term exposure.

Legal & General Investment Management Announces Executive Changes

Legal & General Investment Management announced that Robert J. Moore has been appointed as chief executive officer of its US affiliate, Legal & General Investment Management America Inc. (LGIMA). Mr. Moore, who has most recently been president, LPL Financial, will take up his new role in early April and will be based in Chicago reporting to Mark Zinkula, chief executive officer of Legal & General Investment Management. Robert Moore succeeds Mike Craston who has served as chief executive officer of LGIMA since 2011.

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.

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