LGIM appoints new COO

Legal & General Investment Management (LGIM) has appointed Michael Marks as Chief Operating Officer (COO), subject to regulatory approval.

Marks will report to Mark Zinkula, CEO of LGIM and will join the company at the end of June.

He will be responsible for strategic change management, investment operations, IT and the data management office, LGIM said.

His track record involves building several successful businesses during his 28-year career at BlackRock.

“Michael brings extensive commercial and operational experience in building and running innovative businesses. His client focus, high energy and entrepreneurial drive will make him an excellent addition to LGIM,” Zinkula said.

“I am delighted to join LGIM at such an exciting time for the company and the asset-management industry in general,” Michael Marks said.

As of 31 December 2015, LGIM manages £757bn in assets for more than 3,000 clients.

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