Legal and General Chief Executive
The following section contains information about Legal & General Group Plc`s senior management, executives, CEO and key decision makers and their roles in the organisation. To find out more about the management and staff of Legal & General Group Plc, you can unlock all data with our business analytics monitoring tool. Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and wealth management company headquartered in London, England. Products and services include investment management, life mortgages (a form of share release), annuities, annuities and life insurance. From January 2020, it will no longer offer non-life insurance following the sale of Legal & General Insurance to Allianz. [3] The firm operates in the UK and US, with investment management firms in the Gulf, Europe and Asia. [1] Other executives include Jeff Davies (Group Chief Financial Officer), Michelle Scrimgeour (CEO of Legal & General Investment Management, the firm`s investment management arm) and Kerrigan Procter (Group Investment Business CEO). Together with Nigel Wilson, they form the board of directors of Legal & General. [41] Legal & General was founded by Sergeant John Adams and five other lawyers in June 1836 in a café in Chancery Lane. [6] Originally called the New Law Life Assurance Society, the Society was limited to lawyers.
The name was changed to Legal & General Life Assurance Society to reflect the fact that the policies were available to the general public, but ownership of the shares was limited to lawyers. The group expanded into the UK and soon began acquiring foreign life insurance companies, buying a retirement business from the Metropolitan Life Assurance Company of New York in the 1930s. Sir Nigel David Wilson (born 17 November 1956) is a British businessman.[6] He is Group Chief Executive (Group CEO) of Legal & General, a British multinational financial services company. He has been Chief Executive Officer of Legal & General Group since 30 June 2012, after joining the Group as Chief Financial Officer on 1 September 2009. [2] Jeff Davies has been Group Chief Financial Officer and Group Director since March 2017. He was a senior partner at Ernst & Young LLP. Previously, he held various senior actuarial positions at Swiss Re Life & Health. He is currently President of Legal & General America Inc. The company became a wholly owned division of Legal & General Group plc in the 1970s. [7] Legal & General Group, founded Legal & General America as a holding company in 1981 and purchased the Government Employees Life Insurance Company (GELICO) and its subsidiary in New York.
The GELICO name was changed to Banner in 1983. William Penn was purchased by Legal & General Group Plc in 1989 as a wholly owned subsidiary of Banner Life Insurance Company. She bought the Dutch branch of Different Assurance Group and also founded a company in France in the 1980s. Wilson had five daughters.[7] He won several national masters track and field championships.[5] [5] In 2014, the firm established Legal & General Reinsurance, a Bermuda-based reinsurance company. Legal & General Re completed its first external transaction on the Dutch market in December 2015 in cooperation with ASR. [27] In May 2016, Legal & General Assurance in the UK bought Aegon`s UK bond portfolio for £3 billion. [28] Legal & General Retail announces the promotion of Stefana Brown to UK Protection and Fintech CRO and Head of IT Risk and Data Protection Amy, a Chartered Accountant with over 20 years` experience in the financial services industry, joins L&G Group from senior roles in the UK since joining the group in November 2016. Most recently, she spent two and a half years as Chief Financial Officer, Defined Contribution (including Workplace Savings) and Retail for L&G Investment Management. Previously, she was Head of Audit for four L&G divisions. Following the trend in the UK when financial institutions entered the real estate brokerage business, Legal & General bought Whitegates Estate Agency from Provident Financial Group plc for £19 million in December 1989.[8] [9] The former Legal & General logo includes the image of the Temple Bar (which is still used in the logo of the company`s Social and Sports Committee) and the date of foundation. The umbrella logo used today was introduced by former Chief Press Secretary Gordon Macdonald in June 1984. Between 1991 and 1994, Legal and General sponsored regional weather forecasting for the ITV network and in 1999, Legal & General announced plans that never materialized to merge its operations with National Westminster Bank to form the UK`s first bancassurance company.
[16] Legal & General Reinsurance (L&G Re) is the global reinsurance centre of Legal & General Group Plc, a Bermuda-based multinational financial services company. L&G Re provides reinsurance to clients in the UK, Europe, US and Canada and manages $30 billion in assets. Prior to joining Legal & General, Amy worked at PwC for over 15 years. Based in the UK and Australia, she was responsible for providing audit and assurance services to globally listed insurance and wealth management clients. Nigel Wilson has been Group Chief Executive Officer and Group Director since 2012. From 2009 to 2012, he was Group Chief Financial Officer. Previously, he was Deputy Managing Director and Chief Financial Officer of United Business Media Plc. From 2009 to 2012, he was Senior Independent Director of Capita Group plc and from 2006 to 2011 Chairman and Lead Independent Director of Halfords Group Plc. Previously, he held various senior positions including Chief Commercial Officer of Dixons Group Plc, Chief Executive Officer of Guinness Peat Aviation and Managing Director of Stanhope Properties Plc and Viridian Capital. He is currently a member of the Prime Minister`s Building Back Better Council. Ms. Karan Martin has been the Company`s Chief Operating Officer since August 2022.
Previously, she was Chief Operating Officer at Legal & General America. In the 1940s, Legal & General`s headquarters were moved from Temple Bar House in the City of London to a converted former girls` school in leafy Kingswood, Surrey, with the exception of some management functions that remained in London. The girls` school (St. Monica`s), which served as the basis for the site, was visited by writer Vera Brittain, mother of politician Shirley Williams. [10] The Kingswood site, which included sports fields, a park, a large and luxurious swimming pool, a canteen and a mock English pub, was expanded in the 1950s and again in the 1980s. [11] In 2015, it was announced that the headquarters would close “possibly before 2025.” [12] [13] Indeed, after a period of uncertainty for Kingswood employees,[14] it was announced that the site would close much earlier, in 2018. [15] Legal & General Reinsurance (L&G Re), the international reinsurance business of Legal & General Group (L&G), today announced the appointment of Amy Ellison as Chief Executive Officer. Legal & General appoints new Chair of the Independent Governance Committee She is also an accomplished musician and was a Governor of the Royal Northern College of Music in Manchester, UK, for three years, between January 2017 and February 2020, as well as Chair of the Audit and Risk Committee.
She holds a Bachelor of Music (Honours) from the University of Edinburgh and a Postgraduate Diploma in Music Performance from the Royal Northern College of Music. The firm sold Legal & General Bank and Legal & General Mortgage Services to Northern Rock[17] in 2003 and sold its stake in Gresham Insurance, its joint venture with Barclays Bank, to Barclays in 2005. [18] Amy succeeds Thomas Olunloyo, who has served as CEO of L&G Re since its inception in 2014 and since 2017. Thomas will move to the U.S. and join Legal & General America (LGA) as Executive Vice President and Deputy CEO to lead a larger team and reach millions of new clients. Lord. Bernie Hickman has been the Group`s Chief Executive Officer Legal and General Retail since 2016. In 1988, he entered the legal and general insurance sector. From 2005 to 2010, he was the Group`s General Manager of Retail Protection.
Mr. Hickman became CEO of Legal & General Home Finance and Managing Director of Individual Retirement in 2014. Previously, he held various positions, including Director of Investor Relations, Managing Director Solvency II and Group Financial Controller. Legal & General is listed on the London Stock Exchange and is part of the FTSE 100 Index. Legal & General Investment Management (LGIM), the asset management arm of L&G, is AUM`s 10th largest investment management firm in the world. [4] It is also the second largest institutional asset management company in Europe (after BlackRock). [5] In September 2022, Wilson turned down the post of Minister for Investment in the UK government. [4] Dr. Nigel Wilson (former CFO) became Group Chief Executive Officer on June 30, 2012.
He succeeded Tim Breedon, who had been CEO since 1 January 2006 and received an annual salary of £770,000.[39] [40] This economic biographical article of the United Kingdom is a stub.