Legal and General is undergoing a restructure which will see its unit and trust business become a part of Legal and General Investment Management (LGIM) and its annuities business spun out as a separate division.
A former Legal and General Investment Management (LGIM) equities trader has been jailed for insider dealing.
Legal and General Investment Management (LGIM) had a strong 2012 as net inflows, operating profit and AUM all grew significantly during the year.
Aaron Meder, head of US pension solutions for Legal & General Investment Management America (LGIMA), has been promoted to global head of solutions group, while the existing global head Kerrigan Procter has transitioned to managing director annuities.
Simon Ellis is to depart Legal & General (L&G), where he is managing director of investments.
Legal & General Investment Management (LGIM) saw assets under management climb to £391bn in Q3 2012, up 5% on the full year 2011 figure of £371bn.
Former pessimistic scenarios on the UK’s economic recovery are being upgraded as the flexible nature of the labour force is praised for being better than its peers.
Lance Phillips has left Standard Life Inevstments and is to take up a new role as head of active equities at LGIM early next year.
Despite the current levels of uncertainty money keeps coming into fixed income funds, reacting to the low interest rate environment by looking for yield. Ben Bennett asks if this is the result of successful non-standard monetary policy, or another bubble waiting to burst?
Legal & General Investment Management saw AUM grow 3% in the first quarter to £383bn as it welcomed £2.6bn in net new business for the period.
Claire McGuckin started work this morning at Kames Capital where she is an investment manager in the firm’s high yield team.
Legal & General Investment Management saw net new business more than halve in 2011 to £3bn from £6.6bn a year earlier, even as assets under management grew 5% under its plans to expand globally.
