Legal & General Group (L&G) has reshuffled the management team of its retirement division’s by naming Chris Knight as the CEO of Legal & General Retirement Retail and Laura Mason as CEO of Legal & General Retirement Institutional.
Knight in his new role will be responsible for a number of retirement products, including lifetime mortgages and individual annuities. He will join the company’s executive committee and will report directly to L&G CEO, Nigel Wilson.
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Mason will also report directly to Nigel Wilson and will also join the executive committee. Prior to the current role, she managed Legal & General’s Direct Investments.
Wilson said: “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.”
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By GlobalDataAdditionally, Kerrigan Procter, the current chief executive of L&G Retirement, has been named as the head of Legal & General Capital. He will take charge from next year.
Procter has served as CEO of the LGR business division since 2013. He has been responsible for liability driven investments with L&G Investment Management.
