Legal & General IM restructures leadership team

Team restructureLegal & General Investment Management (LGIM) has announced a restructure of its leadership team. The move is designed to drive LGIM's future business growth across key product ranges, in the UK and internationally. Key changes to the management structure include the appointment of Aaron Meder as head of investment, a newly created role. He will lead LGIM's investment teams, excluding real assets such as property and infrastructure. Roger Bartley will take the role of vice-chairman for investments, and will work closely with Mark Zinkula, chief executive of LGIM, to help grow the business in new markets and distribution channels. Bill Hughes is appointed head of real assets, a new role that will bringing together LGIM's direct investment capabilities in property and infrastructure into one team. Mike Craston is appointed vice chairman for LGIM America, and will focus exclusively on providing strategic direction for LGIM's expanding US business. Finally, Sarah Aitken is appointed head of distribution and will extend her responsibilities to lead all distribution in Europe, the Middle East and Asia, including institutional and retail. In addition to these leadership changes, Ali Toutounchi, managing director of index funds, has announced his intention to retire at the end of 2015. He will work closely Aaron Meder and Mark Zinkula to appoint his successor and transition his responsibilities. Zinkula, chief executive of LGIM, says: "LGIM has been growing rapidly internationally and enhancing its product set and investment solutions for its customers. "Clients like our products and services, but increasingly want to access them via integrated solutions. Today's management changes will drive this forward, and help to deliver growth in the Americas, UK, Europe and Asia." LGIM reported an increase in total assets under management last year, despite a drop in net flows in the nine months to the end of September. LGIM had €612 billion in asset under management as of 30 September 2014. ©2015 funds europe

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