Legal & General Investment Management (LGIM) has named Aaron Meder as the new CEO of its US business, replacing John Bender who had been serving on an interim basis after the departure of Robert Moore in September.

Meder, who currently serves as the head of investment at LGIM, will transition into the new role over the next few months. He will be based in Chicago and report to LGIM CEO Mark Zinkula.

Meder joined Legal & General Investment Management America (LGIMA) in 2010 and was appointed as head of investment in 2015.

Meanwhile, Anton Eser, currently co-head of the global fixed income business at LGIM, will replace Meder as CIO. Meder will also report to Zinkula.

"Aaron's strategic vision will help drive the next phase of growth in the US business, as it expands into new markets and further develops its capabilities. Anton brings a wealth of leadership and investment experience to the role of CIO. His deep knowledge of our business, clients and the industry will ensure we are well placed for the increasingly competitive industry in which we operate," Zinkula said.

Colin Reedie, currently head of euro credit, will succeed Eser as co-head of global fixed income, along with John Bender, also CIO of US fixed income.