Bringing you live news and features since 2006 

Legal & General appoints new LGC CEO


Legal & General Group has appointed Kerrigan Procter (pictured), CEO of the company’s Legal & General Retirement (LGR) business since 2013, as CEO of Legal & General Capital (LGC).

Prior to heading LGR, Kerrigan’s strong track record of delivery in senior roles included responsibility for Liability Driven Investments (LDI) within Legal & General Investment Management.
Chris Knight will succeed Procter as head of LGR Retail, with responsibility for a wide range of retirement products, notably Lifetime Mortgages and Individual Annuities. As CEO of that business, he will join the Group Executive Committee and report directly to Group CEO Nigel Wilson. LGR Retail’s market share in Individual Annuities is increasing and is now 13 per cent, and Legal & General Home Finance under Chris’ leadership has a market share of over 30 per cent in Lifetime Mortgages.
In addition, Laura Mason is being promoted to become CEO of LGR Institutional. She will also report directly to Wilson and join the Group Executive Committee. This will build on her experience of running Legal & General’s Direct Investments, and before that, of managing investments for LGR.
The management changes will take effect from the New Year.
Wilson says: “These changes increase Legal & General’s capability to accelerate the growth of our business and maximise synergies between our divisions. Kerrigan, Laura and Chris are representative of the outstanding leadership we have at Legal & General. They combine extensive industry experience with intellectual rigour, and they are great team players. I have every confidence they will deliver terrific outcomes for all of our stakeholders.”

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by