News

LGIM poaches Michelle Scrimgeour as chief executive

Michelle_ScrimgeourLegal & General Group plc has poached Michelle Scrimgeour from Columbia Threadneedle Investment and appointed her as chief executive of Legal & General Investment Management (LGIM).

Scrimgeour, who has also been appointed executive director of the Legal & General Group, will succeed Mark Zinkula when he retires from the company this coming summer.

She is currently chief executive of Columbia Threadneedle with responsibility for the Emea region, a post she has held since 2017.

Prior to joining Columbia Threadneedle, Scrimgeour was chief risk officer at M&G Investments and a director of M&G Group Limited.

She joined M&G in 2012 from BlackRock, where she was a member of the executive committee which led the firm’s US$1 trillion (€881 billion) Emea business.

Zinkula said: “I am delighted that someone with Michelle’s breadth of experience and calibre will be joining LGIM to lead the next phase of its growth, both in the UK and internationally.”

Ted Truscott, chief executive of Columbia Threadneedle, said: “During her time at Columbia Threadneedle, Michelle led our Emea business through a period of change and challenge, as we responded to the evolving needs of our clients, regulatory changes and an uncertain political and economic backdrop.

“Her clarity and long-term focus have helped us strengthen our strategic vision for Columbia Threadneedle globally and within the EMEA region.”

©2019 funds europe