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Corporate
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The Board of Legal & General Group Plc (the "Company") is pleased to announce the appointment of Ric Lewis as an independent non-executive director of the Company with immediate effect.
18 Jun 2020
Ric will join the Risk, Remuneration and Nomination & Corporate Governance Committees on appointment.
Ric brings to the Board significant experience in investment management and, in particular, a focus on the real estate sector. Ric has more than 25 years' of experience in the sector, including as the founder and Executive Chairman of Tristan Capital Partners, an investment manager specialising in real estate investment strategies across the UK and Continental Europe. This experience and perspective will bring further expertise to Legal & General as we continue to invest in the real economy.
There are no details or disclosures required under LR 9.6.13R of the Financial Conduct Authority's Listing Rules.
Sir John Kingman: "I am delighted to welcome Ric to the Group Board. Ric's many years of experience in the real estate investment sector will supplement the skills and experience of the Board and I look forward to working with him."
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.
We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.
As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.
As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.