Legal & General Investment Management (LGIM) has appointed Michael Marks as its new COO, effective from the end of the June.
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Marks will oversee the company’s strategic change management, investment operations, IT and the data management office.
In the new role, Marks will report to LGIM CEO Mark Zinkula. The appointment is subject to regulatory approval.
"Michael brings extensive commercial and operational experience in building and running innovative businesses. His client focus, high energy and entrepreneurial drive will make him an excellent addition to LGIM," Zinkula said.
Previously, Marks served BlackRock for 28 years, where he was responsible for building various successful businesses.
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By GlobalDataMarks said: "I am delighted to join LGIM at such an exciting time for the company and the asset-management industry in general. I look forward to working with people across the business to help clients achieve their objectives."
LGIM offers investment expertise across multiple asset classes such as equities, fixed income, commercial property and cash. As on 31 December 2015, the company managed £757bn in assets for over 3,000 clients.
