Legal & General (L&G) has appointed Simon Gadd as chief risk officer, and Kerrigan Procter as managing director of the group's annuities business.
Gadd was previously managing director of annuities business, and has replaced Andrea Blance, who was the previous chief risk officer. Blance has now become finance director of the savings division. Procter was previously head of solutions for L&G Investment Management (LGIM), and has been succeeded by Aaron Meder, who was previously head of US pensions solutions. Commenting on the appointments, group chief executive Nigel Wilson said: "The successful management of risk is at the heart of everything we do. Simon's expertise from running the annuity business can only help to increas...
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