In her first interview since becoming chief executive of Legal & General Investment Management (LGIM) last year, Michelle Scrimgeour talks to Funds Europe about the company’s growth plans, diversity, corporate governance and the coronavirus pandemic.
“It’s definitely been a game of two halves,” she says. “Last year, the world economy and our firm were doing well, whereas 2020 has been all about the pandemic.”
While at a group level, Legal & General’s first-half pre-tax profits fell 73%, profits at LGIM rose to £193 million (€211 million), up from £187 million in the first half of 2019.
Assets under management rose 9% to £1.2 trillion
Speaking to Funds Europe via a video link from her home in Wimbledon – and in quarantine following a summer break in Switzerland – she says that LGIM adapted quickly at a practical level to the pandemic, with most staff moving to working from home from the start of the lockdown in March.
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