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
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).
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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 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
Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.28 trillion (€1.43 trillion; CHF1.55 trillion; $1.75t trillion; JPY181 trillion)*. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors. Throughout the past 40 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.
*LGIM internal data as at 31 December 2020. 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.
(As of June 2021)
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