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LGIM appoints head of fiduciary distribution

Legal_%26_General_websiteLondon-based Legal & General Investment Management (LGIM) has appointed Lisa Purdy as head of fiduciary distribution.

In the newly-created role, Purdy will be responsible for growing LGIM’s fiduciary business with existing and potential clients.

She joins LGIM from Lloyds Bank, where she was corporate pensions director responsible for distributing pension services to commercial customers.

Before that Purdy, a qualified actuary, worked at Aon Hewitt.

Mark Johnson, LGIM’s head of institutional clients, said: “With around 15% of schemes using a fiduciary manager and estimates suggesting the market could reach £375 billion by 2027, LGIM sees this market as a significant growth opportunity.

“Our clients are increasingly looking to us for fiduciary management support as their governance burden grows.”

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