Legal & General Investment Management (LGIM) has confirmed the completion of its takeover of Canvas, a European exchange traded fund platform previously owned by ETF Securities. LGIM said the deal would result in the ability to offer its clients access to a broader diversification of ETF strategies, while an ongoing trend in the ETF market […]
British asset manager Legal & General Investment Management has appointed Silvia Schaak as institutional client director covering Germany, Austria and Switzerland. In her new role, Schaak will be responsible for expanding LGIM’s client base in the German speaking region and also work with the group’s existing clients. She reports to Volger Kurr, head of Europe […]
London-based boutique Crux Asset Management has appointed Richard Penny as fund manager. Prior to that, Penny was a senior fund manager within the high alpha team of Legal & General Investment Management (LGIM). He was lead manager of the L&G Alpha Trust and the L&G UK Special Situations Trust funds. Commenting Penny’s appointment, Alistair Reid, CEO […]
British asset manager Legal & General Investment Management (LGIM) has promoted Volker Kurr to head of Europe Institutional, the group announced. Kurr, who spent four years as head of Germany, Austria and Switzerland will now report directly to Sarah Aitken, head of Distribution Europe, Middle East and Asia at LGIM. “In the context expanding our […]
London-headquartered Legal & General Investment Management (LGIM) has appointed Nigel Masding as lead manager of the Real Income Builder fund within its active equity team. He reports to Nick Hartley, head of Inflation Plus strategies within LGIM’s Active Equities team Masding joins LGIM from Longview Partners, where he was a partner and global equities research analyst. […]
Legal & General Investment Management (LGIM) has announced the appointment of Chris De Marco as head of institutional client management and strategy. De Marco will be in charge of LGIM’s UK client teams and report to Sarah Aitken, head of Institutional Business EMEA. Sarah Aitken said: “I am delighted that Chris has accepted the role […]
UK financial services group Legal & General has announced it will cease to be a member of the Association of British Insurers by the end of 2014. The ABI is the chief representative body for insurers active in the UK market, and acts to put forward views of the industry to regulators and policy makers. […]
UK based Legal & General Investments (LGI) is set to emphasise its role as an index investor over the past quarter of a century, through a campaign taking place in the second half of 2014.
Paul So has been appointed head of Index Funds, Asia Pacific at Legal & General Investment Management, which is the biggest UK manager of institutional assets and one of the biggest institutional index managers globally.
Legal & General Investment Management has said that while China’s growth will continue, the country faces increasing challenges as it transitions to a slower growth environment.
Global trade data suggest there has been as slowing in globalisation over the past half decade, which is likely to result in higher inflation globally as the economic benefits of specialisation are eroded, says Legal & General Investment Management economist James Carrick.
Legal & General Investment Management (LGIM) delivered strong results in 2012, with net inflows of £7.1bn (2011: £3.0bn) helping drive revenues to £446m (2011: £417m) and operating profit to £243m (2011: £234m).