Legal & General Investment Management (LGIM) announces that it is extending its existing partnership with State Street by expanding its usage of Charles River technology and to deliver middle office servicing.
14 Jul 2021
This appointment of State Street, as well as the expansion of our use of Charles River technology across a number of our investment management services in the UK, America, Asia and Europe will enable us to offer a more automated, consistent and seamless way for all our clients to do business with us from all over the world.
The main impact of this transaction will be to improve LGIM’s operational scalability – we expect it to be financially neutral. LGIM’s financial ambitions remain as stated in previous market guidance.
Brenda Sklar, Chief Operating Officer: "This continues our evolution of building a market-leading, scalable global operating model to deliver best in class service to our clients and make it easier for them to do business with us."
John Plansky, Head of State Street Alpha: "We are thrilled that LGIM is expanding its partnership with State Street to improve its global operating model by further leveraging Charles River and committing to our State Street Alpha services platform."
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 a third is international. We also provide powerful asset origination capabilities. Together, these 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. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2022
Legal & General Investment Management
Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.4tn, €1.4tn, CHF 1.4tn). 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.
*at 31 Dec 2022
1LGIM internal data as at 31 December 2022. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.
Important Information: For professional clients only. Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Assumptions, opinions and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Views expressed are of LGIM as at 17/02/2023. 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.