Sarasin & Partners LLP, a London-based asset management group, appointed Philippe Broadhead as head of distribution. Broadhead, who joins from Architas Multi-Manager, will be responsible for setting distribution strategy for fund sales in retail, wholesale and institutional markets. He has also worked as head of UK Sales
Read more →The respected former boss of Newton Investment Management is joining the investment arm of insurance giant Legal & General with the task of helping the business build direct relationships with savers. Helena Morrissey, who stepped down as the chief executive of Newton last year, is moving to
Read more →Legal and General is undergoing a restructure which will see its unit trust business become a part of Legal and General Investment Management (LGIM) and its annuities business spun out as a separate division. Mark Gregory has been appointed group chief financial officer as a result of
Read more →L&G this week acquired the 75 per cent of Cofunds it did not already own for £131m following months of negotiations between the businesses. Cofunds is currently the largest platform in the UK with around £50bn in assets, and the deal values the platform at £175m (to be
Read more →Legal & General Investment Management (LGIM) has announced the promotion of Andrew Hitchings to Head of UK Institutional Business. In his expanded role, he will be responsible for ensuring that LGIM focuses on developing and delivering an exceptional client experience. Andrew joined LGIM in September 2012, as
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Read more →Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director. Breedon was CEO at L&G from January 2006 to June 2012, having previously been group director (investments) since January 2002. Breedon will start the role on 1
Read more →Legal & General Investment Management has appointed Simon Thompson as chief operating officer. Thompson joined LGIM in 2011 as head of product strategy and development. Prior to this he was a partner and the chief operating officer of Millgate Capital. He will report to chief executive officer
Read more →The IMA has reshuffled its board, swapping senior representatives from Newton, Lazard and Aviva Investors for others from Fidelity, LGIM, Henderson and Aberdeen. Hugh Mullan, UK managing director at Fidelity, who this week was named responsible for Fidelity FundsNetwork following the departure of David White, is one
Read more →Two-fifths of IFAs have backed emerging markets as the most-likely best performing geography in the short term, according to Legal & General Investments. The ‘What Matters Investment index’ saw 40 per cent of IFAs backing emerging market as the best performer, while 18 per cent thought the
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