Legal & General Investment Management (LGIM) has poached Sonja Laud from Fidelity for the newly created role of deputy chief investment officer.
Laud (pictured) was hired as head of equity at Fidelity in May last year, responsible for managing its equity-income team.
Prior to this, she was at Baring Asset Management for a short period as manager of the Baring Multi Asset Income fund and previously worked as a fund manager at Schroders for eight years.
She has worked as a senior global macro fund manager and an asset allocation specialist, developing outcome-orientated products for clients.
She said it was an exciting time for LGIM and the asset management industry in general as it continues to adapt and innovate in response to client demand.
Ex-Blackrock portfolio manager joins LGIM
LGIM also appointed William Riley as head of solutions, who joins having worked across strategies, including liability-driven investment (LDI), fixed income and multi-asset as well as fiduciary management.
Riley has held a number of senior portfolio management roles at Blackrock, including head of client solutions portfolio management EMEA, with responsibility for developing, assembling and managing investment solutions across multiple strategies and asset classes.
He will report to Laud, who will report to chief investment officer Anton Eser.
Both will join LGIM in January 2019, subject to regulatory approval.
Last month, chief financial officer Siobhan Boylan exited LGIM.
Group performance director for parent company Legal & General Richard Lee will take up Boylan’s post when she leaves to become Brewin Dolphin’s finance director in early 2019.
