Legal & General is undergoing a restructure to make its unit trust business part of Legal & General Investment Management (LGIM) and spin out its annuities business as a separate division.
Mark Gregory, currently CEO of L&G’s savings business, will be appointed group chief financial officer with effect from 1 July 2013.
John Pollock will take responsibility for L&G Savings, while Mark Zinkula will head up the unit trust business of LGIM.
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Under Gregory’s leadership the business increased its operating profit from GBP7 million in 2008 to GBP133 million in 2012, with a rise in assets under advisement from GBP46 billion to GBP100 billion, according to Legal & General.
The group’s CEO, Nigel Wilson, said: "We continue to drive our growth strategy through the five key areas of LGIM International – expansion, retirement solutions, sigital solutions, protection and direct investments.
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