Legal & General announces new LGIM CEO.
09 March 2011
Legal & General is pleased to announce the appointment of Mark Zinkula as the new CEO of Legal & General Investment Management (LGIM).
Mark has been the CEO of Legal & General Investment Management America (LGIMA) since 2008 and played an integral part in the establishment and successful expansion of LGIMA. Before joining LGIM he was Global Head of Fixed Income at Aegon Asset Management.
Mark’s appointment as CEO of LGIM, the largest manager of UK pension fund assets, with £342bn in funds under management, signals the Group’s ongoing commitment to expand LGIM in international markets while retaining its leading domestic position, and to continue augmenting its index fund products with an increasingly sophisticated range of actively managed products and LDI solutions.
Commenting on the appointment, Tim Breedon, Group CEO Legal & General Plc (L&G) said:
“Asset management is an increasingly valuable core business for the Legal & General Group. It is already a strong performer, with an excellent management team, and I am very pleased Mark Zinkula has agreed to become the next CEO of LGIM.
“He has successfully run LGIMA, understands LGIM’s culture, and has first hand knowledge of its clients and markets. His background qualifies him ideally to lead the next stage of LGIM’s development, and I look forward to working with him as LGIM continues to grow its UK and international franchise.
“I would also like to thank Kevin Gregory, COO and interim LGIM CEO, for his excellent stewardship of LGIM. Under Kevin, LGIM has continued to expand and enhance its market leading customer service proposition.”
Mark Zinkula’s appointment is subject to FSA approval, and in his new role, he will report to Tim Breedon Group CEO of L&G.
Notes to editors
- Mark Zinkula Biography. Mark has been a Director at LGIMA since its inception and was appointed Chief Executive Officer in 2008. Prior to LGIMA, Mark was at Aegon Asset Management where he was Global Head of Fixed Income. Mark is a CFA charterholder and holds MA and MBA degrees from the University of Iowa. He also completed a one year program at the London School of Economics.
- Legal & General Investment Management America ("LGIMA") was established in 2006, and is a Chicago-based investment adviser, specializing in fixed income and liability driven investment solutions for the US institutional market. LGIMA manages over $18bn, as at 30th September 2010 in fixed income assets, with an emphasis on credit strategies.
LGIMA offers both active fixed income and liability driven investment ("LDI") strategies to the US institutional market. LGIMA benefits from the investment strategy and research resources of its global parent, while nimbly managing portfolios on a local basis. LGIMA provides the research capability, knowledge and depth of experience that institutional clients expect.
- Legal & General Investment Management (LGIM) is one of the leading fund management groups in the UK, offering a full range of funds and services from index and active equities to fixed income, property and cash through to transition management and cash flow matching. We offer dedicated client relationship teams to meet the needs of our different institutional clients ranging from multi-billion pound pension schemes to small charities.
In total, LGIM manages £342 billion of assets (30th September 2010), and is responsible for around 5% of the UK stock market on behalf of our clients. Our success has been driven by a clear focus on delivering investment solutions to meet the needs of clients and their advisors.
For more information please contact:
Head of Group Corporate Communications
t: +44 (0) 2031 242095
m: +44 (0) 7515 324001
About Legal & General
Legal & General Investment Management Limited.
One Coleman Street
London EC2R 5AA.
Registered in England 2091894.
t: +44(0) 20 3124 2096