Legal & General CEO to retire
Nigel Wilson saw the group’s share price climb more than 600% during his tenure
Nigel Wilson saw the group’s share price climb more than 600% during his tenure
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While Kris Atkinson will step up to lead manager, with Sajiv Vaid set to retire
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Dennis Pellerito will take over from John Clougherty in March
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CEO Tim Armour and president Rob Lovelace will step down in October as part of an extended handover
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A tough year ended on a high note, with the trust trading at a modest premium
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Net inflows of £9.8bn only topped by the £11bn recorded in 2021
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As operating profit expected to grow to £26.5m from £20.2m the year prior
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Headcount is down 11% in a year, but net losses ratcheted up ten-fold
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One of the trust’s main tenants, Lotus Sanctuary, has not paid since August
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Rob Judson will focus on investments in northern England
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While JP Morgan Elect shareholders could be in line for a dividend payment before the deal is done
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While three funds make their debuts
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