L&G appoints new Mastertrust trustee

Legal & General, with total AUM of £757bn as at December 2015, has announced the appointment of Ali Toutounchi as a trustee of its Mastertrust.

He will also become the chairman of the Mastertrust’s investment committee and part of the L&G Independent Governance Committee (IGC).

Toutounchi was formerly managing director for Legal & General Investment Management’s global index funds.

“I am delighted to welcome Ali as a trustee of the L&G Mastertrust and a member of the IGC. His wealth of investment experience will be of huge benefit as we continue to focus on ensuring members get the best value from their pension contributions,” said Paul Trickett, chairman of the L&G Mastertrust.

Toutounchi worked at L&G for over 20 years. He has held senior roles at NatWest Securities, UBS Asset Management and Wood Mackenzie Stockbrokers. He is a member of the FTSE Policy Group.

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