Swiss private bank Julius Baer named its new chief executive for the UK and Ireland, while Legal & General promoted from within to fill its Cofunds chairman role. Emirates NBD appointed a new wealth management chief investment officer, Vestra Wealth added to its private office, and SBG appointed a new head of lender relationships.
Legal & General Investment Management (LGIM) has launched a global real estate index fund and announced the imminent launch of an emerging markets government bond index fund.
Legal & General has further rationalised its offering by announcing the sale of Sipp provider Suffolk Life to Curtis Banks Group. The move follows L&G’s recent decision to dispose of non-core businesses, which saw it withdraw from France, Ireland, and Egypt in 2015.
Investment platform Cofunds has launched a new feature to help financial advisers better monitor and manage their clients’ decumulation strategies.
ETF provider Source has appointed Legal & General Investment Management as manager for a new physical fund platform, Source Markets II Plc.
Commercial property rental growth in the UK has returned, according to Rob Martin, research director for Real Assets at Legal & General Investment Management.
Legal & General is set to continue with a strategy to ‘declutter’ its business model by exiting non-core international parts of the group.
The US subsidiary of Dutch technology giant Philips has agreed a deal with UK insurer Legal & General and the US-based Prudential insurance company to guarantee annuity payments for 14,000 of its retirees and former employees.
Aegon is to leave the Association of British Insurers (ABI) at the end of the year.
On 1 July 2015, Canada Life completed its acquisition of Legal & General International Ireland (LGII), Sean Christian, the company’s executive director – offshore and managing director of Canada Life International – talks about the background to the deal and the opportunities it brings.
Canada Life’s acquisition of Legal & General International has resulted in a combined 29% share of the offshore bond market into the UK.
A plan by insurance and investment giant Legal & General which could see it shut down its headquarters in Surrey will impact severely on customers, a trade union for finance workers has warned.
