Gareth has a proven track record of leading and building great teams, as well as developing people and culture. Gareth currently leads a team of around 250 people and leads EY`s actuarial team in the UK, which covers life insurance, general insurance, annuities, investments and sustainable finance, as well as the Global Head of Investment Advisory, a practice he founded in 2012. Laura Mason, CEO of Legal & General Capital, said: «Gareth will be a fantastic addition to the team, with strong industry and technical capabilities to support our growth and a clear focus on LGC`s mission. With his experience in developing EY`s UK sustainable finance advisory practice, Gareth will continue to support LGC in its strong focus and values that drive its direct investments in the UK to tackle climate change, support innovation and create the assets the company needs. Legal & General Investment Management (LGIM) today announced the appointment of Richard Lee as Chief Financial Officer, reporting to Mark Zinkula, Chief Executive Officer. The announcement follows LGC`s Capital Markets event last week, which predicted the company would make up to £600 million in profits from alternative investments by 2025. Key targets include increasing the alternative asset portfolio to $5 billion. GBP by 2025 and offering returns of around 10% to 12% per annum in the key areas of housing, SME finance, specialist commercial real estate and clean energy. Gareth me said: «LGC has built a strong and scalable platform that creates attractive pipelines of investable assets while fulfilling its goal of investing the company`s capital for the benefit of the company. I look forward to joining the company at this crucial time in its growth cycle to support its significant earnings growth ambitions and lead the company into its exciting next chapter. Legal & General has invested more than £29 billion in aligning the regional economy, including through major renovation programmes in the UK, and has recently committed to operate all its new homes with net-zero CO2 emissions from 2030.
Carl is Chief Financial Officer of the Legal and General Pension Institution. He is responsible for the ownership of their income statement, balance sheet, capital and corporate expenses of £90 billion. He joined the organization in 2017 as Chief Risk Officer of Total Retirement. He has over 15 years of experience in capital and balance sheet management. Founded in 1836, Legal & General is one of the UK`s leading financial services groups and a major global investor with over £1.4 trillion in assets under management*, a third of which is international. We also offer powerful asset creation capabilities. Together, they underpin our industry-leading pension and security solutions: we are a leading international player in pension transfer, life insurance in the UK and the US, and occupational pensions and retirement income in the UK. Through inclusive capitalism, we want to build a better society by investing in long-term assets that benefit everyone. Gareth has been engaged to help LGC achieve these ambitious goals and support its objectives, strengthen its attractive risk-adjusted returns for shareholders, structure attractive long-term investments for its Legal & General Retirement business and attract significant additional debt. Legal & General: Continued positive momentum and strong balance sheet despite market volatility John Stewart, Chairman of Legal & General, commented: «I am delighted that Mark has been appointed Group CFO. Mark has now successfully completed the first phase of the savings transformation and the Board looks forward to working with him. Mark`s appointment demonstrates the breadth and depth of talent in law and general.
Carl is a Fellow of the Institute of Actuaries. He is a member of the Board of Directors of Legal & General Reinsurance Company Limited and Legal & General Reinsurance Company No.2 Limited. Legal & General announced that Mark Gregory has been appointed Group CFO of the company, effective July 1. Gregory is currently CEO of the savings business and a member of the Board of Directors since January 2009. He led the transformation of savings into a capital-efficient and efficient asset accumulation business, increasing operating profit from £7 million in 2008 to £133 million in 2012 and assets under management (AUA) from £46 billion in 2008 to over £100 billion. Previously, he was Director of Group Capital Solutions at Aviva, where he was responsible for leading large asset and liability transactions and their stress testing and group scenario framework. He also spent seven years at Swiss Re in various positions in the areas of reservation, capital, structuring and pricing. John Pollock will assume responsibility for the savings business and create an integrated protection and savings business. Mark Zinkula will assume responsibility for the investment activities of Legal & General Investments, which will be part of Legal & General Investment Management (LGIM).- The annuities business will become a separate business unit led by Kerrigan Procter. Legal & General Capital (LGC) announces that EY partner Gareth me has been appointed Chief Financial Officer effective January 2022. Mark Gregory added: «I look forward to taking on the role of Group CFO.
The company is in an excellent position: with market-leading products in attractive markets, combined with a strong balance sheet and growing and sustainable cash flows, which translates into strong dividend growth. I look forward to working with Nigel, Mark and John to leverage our financial strength to grow the business.» ».