L&G appoints Robert Merrifield director of Investment R&D

Legal & General has recruited Robert Merrifield in the new role of Investment Research and Development Director of IMRU, its specialist independent investment consultancy for both in-house and external clients.

The Investment Management Research Unit (IMRU) was created in 2004 to operate as a consultancy within the Legal & General group providing an independent investment research, risk analysis and fund ratings service for up to 350 fully researched and risk-rated collective funds.

The consultancy provides tailored advisory services including fund selection, fund panels, governance and risk rating to Legal & General Savings and to external clients including Nationwide Building Society in the UK.

Legal & General Savings reported £62.3bn in assets in Q3 2011, up from £54.8bn in assets under administration at the end of 2009. The Legal & General platform – the Investor Portfolio Service, recorded platform assets had reached £5.2bn in Q3 2011.

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