Press releases

LGIM appoints Silvia Schaak as Co-Head of Institutional Germany, Switzerland & Austria

Legal & General Investment Management has appointed Silvia Schaak as Co-Head of Institutional Germany, Switzerland & Austria with effect from 1 January 2021. In this role, she reports to Volker-Kurr, Head of Europe Institutional and also Co-Head of Institutional Germany, Switzerland & Austria

20 Jan 2021


Full press release

Silvia Schaak joined LGIM in January 2018 as Institutional Client Director and has since been responsible for expanding the client base in German-speaking countries as well as servicing institutional clients. In these three years, LGIM has been able to triple its assets in this region. In total, LGIM manages €64 billion in Europe outside the UK (as of 30 June 2020).

"With her many years of experience as a portfolio manager, Silvia Schaak is immensely important in our team ", comments Kurr. "She is highly regarded by institutional clients due to her deep expertise. She seamlessly takes on the role of portfolio manager or product specialist for specific asset classes and demonstrates extensive experience and deep expertise in business development, client relations, client retention and people management. Her appointment is the logical consequence of her excellent and impressive work over the past three years. I look forward to further growing our institutional business in Germany, Switzerland & Austria with Silvia Schaak in her new role."

Prior to joining LGIM, Schaak was Head of Multi-Asset Class Solutions at Credit Suisse Germany and responsible for Institutional Portfolio Management at CS Kapitalgesellschaft mbH. In a previous position, she was a portfolio manager for institutional clients at Credit Suisse Asset Management. She holds a degree in business administration and is a CFA Charterholder (Chartered Financial Analyst).

Key Risk Warnings

The Information in this document (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice.

Further information

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Andrew Gates

Senior PR Manager

Legal & General Investment Management

T: +44 (0)20 3124 4363

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Notes to editors

Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.

Legal & General Investment Management

LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.16 trillion1 ($1.47tn, €1.35tn, CHF 1.31tn). 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.

1 Data as at 30 June 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

*as at HY 2023