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LGIM Europe appoints new CEO and strengthens investment management team in Ireland
Key appointments strengthen presence in Dublin and continental Europe
14 Sep 2023
Legal & General Investment Management (LGIM), one of the world's largest asset managers, today announced the appointment of Pauline Plunkett as CEO LGIM Managers (Europe) Limited and Managing Director of Ireland, subject to regulatory and Board approvals.
Pauline was previously Head of Insurance Clients, having joined LGIM in March 2014. In this role she has had overall responsibility for LGIM's relationships and delivery to insurance clients. Pauline has also been a director of L&G Assurance (Pensions Management) Ltd and Trustee director, and chair of the investment and funding committee, of the L&G pension scheme.
Prior to this, she was a senior investment consultant and co-lead of the Insurance Investment Advisory Group at Towers Watson where she advised clients on all aspect of governance, investment strategy and implementation. Pauline is a Fellow of the Institute and Faculty of Actuaries and graduated from the National University of Ireland with a first-class honours degree in financial maths and economics. She will report into Sarah Aitken, Head of Distribution at LGIM.
Pauline succeeds Eve Finn who has held various leadership roles at LGIM, most recently that of LGIM Managers (Europe) Limited.
LGIM has also expanded its investment team in Dublin, underscoring the firm’s ambitious international growth strategy. In July this year Gareth Henson was appointed as Head of Investment Monitoring & Oversight and Designated Person for Investment Management, subject to regulatory approvals. He brings a wealth of experience to the team, having worked for several leading companies. Most recently, he was Chief Investment Officer for Ashmore Investment Management Ireland. Gareth will report into Patrizia Libotte, Head of Investments, LGIM Managers (Europe) Limited.
Sarah Aitken, Head of Distribution at LGIM:“We are very pleased to have appointed Pauline as CEO of LGIM Managers (Europe), subject to regulatory and Board approvals. Pauline brings a wealth of technical and client experience to the role. Pauline and Gareth’s insight and experience will be invaluable as we deepen and strengthen our investment and client relationships across Europe and underscore LGIM’s ambitious European growth strategy and growing presence in continental Europe and internationally. We’re grateful for the notable contribution that Eve has made during her time with LGIM and wish her all the best for the future.”
Further information
Will Throp
Communications Manager
Legal & General Investment Management
T: +44 (0)7791 899779
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.