Press releases

Legal & General strengthens Retirement Lending management team

Steve Ellis confirmed as Managing Director of Legal & General Home Finance

31 Jan 2017

Following the recent announcement of Chris Knight as the Managing Director of Legal & General’s Retail Retirement Division, Legal & General has today announced the appointment of Steve Ellis as Managing Director of Legal & General Home Finance. Steve previously held the position of Chief Operating Officer within the business.

Steve has been fundamental to the successful entry of Legal & General into the lifetime mortgage market having led the acquisition of Newlife for the Group in 2014. He has been with Legal & General since 2007 and has previously run a number of operational areas in Corporate Risk and Annuities. Previously, he successfully managed large scale operations for outsourcing organisations and was a management consultant for GE Capital businesses in the UK and US.

Chris Knight, Managing Director, Retail Retirement at Legal & General said:

“’I’m pleased that Steve has accepted the role of Managing Director for our Retirement Lending business. Steve’s appointment brings important continuity to Legal & General Home Finance as the business enters its next phase of rapid innovation and growth.”

Steve Ellis, Managing Director, Legal & General Home Finance said:

“I’m delighted to be continuing the journey with our retirement lending business. We have built a fantastic proposition and market share in the short time that we have been in the Lifetime Mortgage market. We have some exciting plans for 2017 which we expect to help the market continue its strong recent growth.”

Notes to editors

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With almost £1.3 trillion in total assets under management*, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, alternative asset origination, life insurance, workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.

* at 30 June 2021