Legal & General Investment Management opens Nordic office in Stockholm
Legal & General Investment Management (LGIM), one of the world’s leading asset managers with €1.4 trillion in assets under management (AuM)1, today announces the opening of its first Nordic office in Stockholm, Sweden, in a move aimed at strengthening the firm’s presence in the region.
6 May 2020
Full press release
The local presence will enable LGIM to work more closely with institutional investors and wholesale clients in the Nordics, already a key market for the asset manager in Europe. LGIM will continue to offer its range of active and passive investment solutions, underpinned by Responsible Investing, in the region, covering Sweden, Denmark, Finland and Norway. Managing €178bn in responsible investment strategies explicitly linked to ESG criteria2, LGIM will leverage its expertise and its leading Investment Stewardship team to service demand from local investors.
The office will be led by Anders Arjes who joins LGIM today as Head of Nordics Institutional. Anders will be supported by a dedicated sales function for the firm’s Nordic clients, based in London, and will report to Volker Kurr, Head of Europe Institutional.
Anders joins from Deutsche Bank where he worked as director in institutional equity sales. Previously, he was account manager in institutional equity sales at Credit Agricole Cheuvreux Nordic. He also worked as head of global equities at the fourth Swedish national pension fund (AP4), where he was also a member of the Executive Management Committee. Anders holds a Master of Science diploma, accounting and finance major, from Stockholm School of Economics.
Responsible Investing is embedded within LGIM’s processes and decisions. The firm takes its investment stewardship seriously. In 2019 LGIM supported more shareholder resolutions on climate change than any of the world’s largest asset managers3, while also opposing the re-election of more than 4,000 company directors globally. LGIM took sanctions against 11 companies named as laggards under its Climate Impact Pledge; and opposed 35% of pay packages globally4. LGIM’s Investment Stewardship approach was also validated by an independent analysis of large asset managers’ responsible investment capabilities, which found LGIM to be one of only five worldwide to receive an A rating, and the highest-rated among UK, index and the 15 largest global asset managers.5
Volker Kurr: "LGIM has been active in the Nordics for a number of years, and our decision to open the first Nordic office in Sweden demonstrates our commitment to growing our presence in the region. It underpins our successful European growth strategy, and will enable us to focus on a key market for us, where we already have significant assets.We are very pleased to welcome Anders onboard. With his deep knowledge of the Nordic institutional and wholesale markets, as well as extensive sales and portfolio management experience, he will be an invaluable asset for our ambition in the region."
Anders Arjes: "LGIM’s strong reputation for delivering innovative active and passive investment solutions makes the firm well positioned to grow its presence in the Nordics, a market known for its investment sophistication. The firm’s focus on responsible investing and investment stewardship will also resonate strongly with local large asset owners, insurers and corporate pension funds, as well as fund buyers. I am excited to lead our sales efforts in the region and look forward to working closely with Volker and the team, as the firm embarks on this new phase of growth in the Nordics."
Biography
Anders Årjes – Head of Nordics Institutional, LGIM
Anders joined LGIM as Head of Nordics Institutional in May 2020. Prior to joining LGIM Anders was a Director in Institutional Equity Sales at Deutsche Bank, Institutional Equity Sales at Credit Agricole Cheuvreux Nordic and Head of Global Equities at Fourth Swedish National Pension Fund (AP4), where he was also a member of the Executive Management Committee. Anders holds a Master of Science diploma, accounting and finance major, from Stockholm School of Economics.
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