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LGIM appoints Olaf John as European Client Solutions Director
Appointment underscores growing demand for Solutions offering across the region.
8 May 2024
Legal & General Investment Management (LGIM), one of the world’s largest asset managers1 and one of the largest pension fund managers in the UK2, continues to grow its international footprint by appointing Olaf John as European Client Solutions Director, as of 2 May 2024.
Based in the firm’s Frankfurt office, Olaf will collaborate with the LGIM’s existing Solutions and client teams in Europe to support business growth in strategically important markets across Europe. This new role was created in response to increased demand for solutions such as Liability Driven Investments (LDI). Olaf will report to Volker Kurr, LGIM’s Head of Europe, Institutional.
Olaf brings extensive experience spanning over 25 years in asset management. Most recently, he served as Partner and Commercial Leader of Investment Solutions, as well as Branch Manager of the German division at Mercer Global Investments Europe Ltd. Prior to this, he was Head of Business Development, Europe at Insight Investment, where he played a pivotal role in developing and managing the firm’s offerings into Europe. Olaf, Actuary (Aktuar DAV) since 1996, currently serves on the investment committee of the German pension industry association aba, the asset management section of the German treasury association VDT e.V., and a number of other industry working groups.
Sarah Aitken, Head of Distribution at LGIM: "I am delighted that Olaf is joining our team and very much look forward to working with him again to grow our business in Europe further. Olaf is a renowned expert in his field with outstanding client skills and investment credentials.”
This expansion of LGIM’s institutional team in Frankfurt is part of the firm’s ambitious growth strategy, aimed at expanding its presence in Europe and internationally.
Olaf John, European Client Solutions Director at LGIM: "As a pioneer in the UK liability-driven investment market, LGIM’s commitment to innovation has been setting industry standards for many years and demonstrates dedication to client service excellence. I am very much looking forward to join LGIM's renowned European Solutions team, especially at this point in time which I believe is ideal for de-risking and outsourcing solutions.”
References
1Assets under management of £1,159.2bn. Source: LGIM internal data as at 31 December 2023. The AUM disclosed aggregates the assets managed by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. The AUM includes the value of securities and derivatives positions.
2Source: IPE Research 2022, by AUM.
3LGIM was the first investment manager to implement a true LDI mandate for a UK pension scheme using bonds and swaps in 2001. Source: LGIM.
Further Information
Verena Moench
Communications Manager
Asset Management
Notes to editors
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.
LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.5tn, €1.3tn, CHF 1.2tn). We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
1Data as at 31 December 2023. Data combines assets under management by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. Assets under management include securities and derivatives positions.