View the article online at http://citywire.co.uk/new-model-adviser/article/a654218
L&G trio promoted in senior staff reshuffle
by Michelle Abrego on Jan 28, 2013 at 13:57
Legal & General (L&G) has appointed former managing director of its annuities business Simon Gadd as chief risk officer with Kerrigan Procter replacing him as head of the annuities division.
Gadd has replaced Andrea Blance, who established the chief risk officer position in 2010 and has been promoted to finance director of L&G’s savings division.
L&G chief executive Nigel Wilson (pictured) said: 'Kerrigan and Simon have helped 100’s of companies to de-risk their pension schemes. This has been achieved by liability driven investments, pension scheme buy-outs, buy-ins and longevity contracts.
'Pension funds are demanding more and more integrated de-risking solutions, and Kerrigan’s move to running the annuity business will enable us to continue to innovate and deliver the best integrated solutions to our clients across our investment management and annuity business.'
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.
More about this article:
More from us
- L&G reveals charges for 150-strong adviser force
- Nigel Wilson scoops top job at L&G
- Could Towers move seal the deal for L&G and Cofunds?
by Michelle Abrego on Jul 30, 2014 at 14:57