Legal & General (L&G) is to make its unit trust business part of Legal & General Investment Management (LGIM) as the group undergoes a restructure.
The changes will also see L&G's annuities business spun out into a separate division, while Mark Gregory, currently CEO of L&G's savings business, will be appointed group chief financial officer with effect from 1 July 2013. John Pollock will assume responsibility for L&G Savings. Group chief executive Nigel Wilson said: "We continue to successfully drive our growth strategy through the five key areas of LGIM International Expansion, Retirement Solutions, Digital Solutions, Protection and Direct Investments. "Mark [Gregory] has made a major contribution having led the successful turna...
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