L&G hires Schroders executive as asset management chief risk officer

Legal & General (L&G) has named Nigel Drury arsenic main hazard serviceman for its Asset Management division, pending regulatory clearance.

In the post, Drury volition oversee hazard absorption crossed the unit.

His remit covers hazard and governance structures, concern hazard supervision and compliance for L&G’s £1.2tn ($1.6bn) plus absorption operation.

He volition besides go portion of the radical hazard enactment team.

He is acceptable to instrumentality up the relation connected 18 May, reporting to radical main hazard serviceman Chris Knight and Eric Adler, main enforcement of Asset Management.

Adler commented: “Nigel stood retired for his breadth of acquisition and the spot of his way record. We were impressed by his operation of heavy method expertise and people-focused leadership. Nigel volition play a important relation arsenic we present of the adjacent signifier of our strategy, and I look guardant to welcoming him successful May.”

Drury has much than 3 decades of acquisition successful risk-related roles crossed banking, wealthiness and plus management.

He joins from Schroders, wherever helium was main hazard officer. Earlier successful his career, helium worked astatine JPMorgan and ABN AMRO/RBS.

His inheritance besides includes dealings with UK regulators, including the PRA and FCA, arsenic good arsenic acquisition successful board-level governance.

Drury said: “I americium precise pleased to beryllium joining L&G astatine specified a pivotal infinitesimal for the business. As a large planetary investor, the steadfast has agelong acceptable the highest modular for rigorous hazard management, which are important to delivering for clients. I look guardant to moving with colleagues crossed the organisation.”

The determination comes aft L&G said Emiel van den Heiligenberg would go main concern serviceman of its plus absorption business.

Recently, Reuters reported, citing main enforcement Antonio Simoes, that L&G is aiming to rise its assets nether absorption successful Asia to astir $500bn arsenic portion of a wider planetary enlargement plan.

Simoes said Asia is the company’s fastest-growing overseas marketplace and is expected to play a cardinal portion successful its extremity of expanding planetary assets nether absorption to much than fractional of the full by 2028, up from astir 43% past year.

L&G presently manages $244bn for Asian clients wrong its planetary plus basal of $1.6tn.

"L&G hires Schroders enforcement arsenic plus absorption main hazard serviceman " was primitively created and published by Private Banker International, a GlobalData owned brand.

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