Legal & General Group plc has announced the appointment of Michelle Scrimgeour as Chief Executive Officer of Legal & General Investment Management (LGIM) and executive director of Legal & General Group, succeeding me when I retire from the company later this year.
Michelle will join LGIM from Columbia Threadneedle Investments, where she is currently CEO with responsibility for the EMEA (Europe, Middle East and Africa) region. I am delighted that someone with her breadth of experience and calibre will be joining LGIM to lead the next phase of its growth, both in the UK and internationally.
Michelle has 30 years’ experience at major asset-management firms with significant global reach across the US, Europe, the Middle East and Asia. Prior to joining Columbia Threadneedle, Michelle was Chief Risk Officer at M&G Investments and a Director of M&G Group Limited. Michelle joined M&G in 2012 from BlackRock (previously Merrill Lynch Investment Managers and Mercury Asset Management). She was a member of the Executive Committee at BlackRock which led the firm’s US$1 trillion EMEA business and oversaw the integration of BlackRock and BGI in London. Her appointment is subject to regulatory approval.
Michelle’s track record of success in managing and growing a substantial global asset management business, combined with a strong focus on creating scalable operations, makes her ideally suited to lead LGIM through the next phase of its growth. She is very excited to be joining the business at this stage of its development, as we continue to develop integrated investment solutions that meet the evolving needs of our clients globally.
Michelle will be joining a business that is well positioned for sustainable growth, both in the UK and internationally, with a well-diversified business model and a track record of delivering consistent strong performance for clients across the breadth of our investment capabilities. Her focus will be on further developing our capabilities, client service model and operational and technology infrastructure to deliver on our ambitious vision for the future.
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