UK’s Legal & General sheds M&A head

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Wadham Downing is to leave his position as group M&A strategy director at UK insurer Legal & General in the coming week, the company has announced.

Downing led the M&A activities of the group, which saw some seven acquisitions since March 2013, intended to boost the company’s presence in markets including investment management.

In this period L&G also did its first US acquisition in the shape of Global Index Advisors. Other acquisitions included Cala Homes, which along with the acquisition of Banner boosted L&G’s presence in the UK housing market.

Nigel Wilson group CEO of Legal & General Group said: “In his five years here, Wadham has played a significant role in contributing to Legal and General’s financial success and transformation. He has always demonstrated a great deal of passion, integrity, commercial acumen and professionalism in his roles as group CFO and M&A director.”

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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