Legal & General Group Plc Directorate Change (5390G)
26 November 2020 - 6:00PM
UK Regulatory
TIDMLGEN
RNS Number : 5390G
Legal & General Group Plc
26 November 2020
Legal & General Group Plc Board announces the appointment of
Nilufer von Bismarck OBE as a non-executive director of Legal &
General Group Plc
26 November 2020
The Board of Legal & General Group Plc (the "Company") is
pleased to announce the appointment of Nilufer von Bismarck OBE as
an independent non-executive director of the Company with effect
from 1 May 2021.
Nilufer is currently Head of the Financial Institutions Group
and the Equity Capital Markets practice at Slaughter and May and
has spent a large part of her 34-year career working with major
international financial institutions. As well as a deep and
extensive understanding of the financial services sector, Nilufer
also has considerable experience across a range of other industries
and sectors, including real estate, green infrastructure and
fintech. Nilufer's appointment will bring further expertise to the
Board as the Company's exposure to these industries and sectors
increases.
The Company, as part of a continued focus on achieving best
practice in governance, is also streamlining executive
representation on the Board of the Company to ensure that there is
always a substantial majority of independent non-executive
directors. Accordingly, from today, only the Group Chief Executive
and Group Chief Financial Officer will sit as executive directors
on the Board of the Company. Kerrigan Procter, Chief Executive LGC,
and Michelle Scrimgeour, Chief Executive LGIM, who were hitherto
also executive directors of the Company, will otherwise continue in
their executive roles.
Sir John Kingman, Group Chairman, said:
"I am delighted to welcome Nilufer to the Group Board. Nilufer's
many years of experience in the financial services sector will
supplement the skills and experience of the Board and I look
forward to working with her."
There are no details or disclosures required under LR 9.6.13R of
the Financial Conduct Authority's Listing Rules.
Notes to Editors
Legal & General Group Plc
Established in 1836, Legal & General is one of the UK's
leading financial services groups and a major global investor, with
international businesses in the US, Europe, Middle East and Asia.
With over GBP1.2 trillion in total assets under management, we are
the UK's largest investment manager for corporate pension schemes
and a UK market leader in pension risk transfer, life insurance,
workplace pensions and retirement income.
Legal & General is a leading ESG investor and pursues a
policy of Inclusive Capitalism to deliver positive economic and
social outcomes including supporting UK regional development and
addressing climate change.
As at 25 November 2020, Legal & General has a market
capitalisation of GBP16 billion.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAZZMZMNKVGGZM
(END) Dow Jones Newswires
November 26, 2020 02:00 ET (07:00 GMT)
Legal & General (LSE:LGEN)
Historical Stock Chart
From Apr 2024 to May 2024
Legal & General (LSE:LGEN)
Historical Stock Chart
From May 2023 to May 2024