Legal & General Investment Management (LGIM), one of the world’s leading asset managers with €1.4 trillion in assets under management (AuM)1, today announces the opening of its first Nordic office in Stockholm, Sweden, in a move aimed at strengthening the firm’s presence in the region.
6 May 2020
The local presence will enable LGIM to work more closely with institutional investors and wholesale clients in the Nordics, already a key market for the asset manager in Europe. LGIM will continue to offer its range of active and passive investment solutions, underpinned by Responsible Investing, in the region, covering Sweden, Denmark, Finland and Norway. Managing €178bn in responsible investment strategies explicitly linked to ESG criteria2, LGIM will leverage its expertise and its leading Investment Stewardship team to service demand from local investors.
The office will be led by Anders Arjes who joins LGIM today as Head of Nordics Institutional. Anders will be supported by a dedicated sales function for the firm’s Nordic clients, based in London, and will report to Volker Kurr, Head of Europe Institutional.
Anders joins from Deutsche Bank where he worked as director in institutional equity sales. Previously, he was account manager in institutional equity sales at Credit Agricole Cheuvreux Nordic. He also worked as head of global equities at the fourth Swedish national pension fund (AP4), where he was also a member of the Executive Management Committee. Anders holds a Master of Science diploma, accounting and finance major, from Stockholm School of Economics.
Responsible Investing is embedded within LGIM’s processes and decisions. The firm takes its investment stewardship seriously. In 2019 LGIM supported more shareholder resolutions on climate change than any of the world’s largest asset managers3, while also opposing the re-election of more than 4,000 company directors globally. LGIM took sanctions against 11 companies named as laggards under its Climate Impact Pledge; and opposed 35% of pay packages globally4. LGIM’s Investment Stewardship approach was also validated by an independent analysis of large asset managers’ responsible investment capabilities, which found LGIM to be one of only five worldwide to receive an A rating, and the highest-rated among UK, index and the 15 largest global asset managers.5
Volker Kurr: "LGIM has been active in the Nordics for a number of years, and our decision to open the first Nordic office in Sweden demonstrates our commitment to growing our presence in the region. It underpins our successful European growth strategy, and will enable us to focus on a key market for us, where we already have significant assets.We are very pleased to welcome Anders onboard. With his deep knowledge of the Nordic institutional and wholesale markets, as well as extensive sales and portfolio management experience, he will be an invaluable asset for our ambition in the region."
Anders Arjes: "LGIM’s strong reputation for delivering innovative active and passive investment solutions makes the firm well positioned to grow its presence in the Nordics, a market known for its investment sophistication. The firm’s focus on responsible investing and investment stewardship will also resonate strongly with local large asset owners, insurers and corporate pension funds, as well as fund buyers. I am excited to lead our sales efforts in the region and look forward to working closely with Volker and the team, as the firm embarks on this new phase of growth in the Nordics."
Biography
Anders Årjes – Head of Nordics Institutional, LGIM
Anders joined LGIM as Head of Nordics Institutional in May 2020. Prior to joining LGIM Anders was a Director in Institutional Equity Sales at Deutsche Bank, Institutional Equity Sales at Credit Agricole Cheuvreux Nordic and Head of Global Equities at Fourth Swedish National Pension Fund (AP4), where he was also a member of the Executive Management Committee. Anders holds a Master of Science diploma, accounting and finance major, from Stockholm School of Economics.
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.
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 £1.29 trillion1. 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.
1Globally, we manage assets of £1.42 trillion or CHF 1.75 trillion as at 31 December 2021 (source: LGIM internal data as at 31 December 2021). The 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.
*at 11 Jan 2023
KEY RISKS
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. For illustrative purposes only. Reference to a particular security is on a historical basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security. Views expressed are of LGIM as at 3 January 2023.
IMPORTANT LEGAL NOTICE
In the European Economic Area, it is issued by LGIM Managers (Europe) Limited, authorised by the Central Bank of Ireland as a UCITS management company (pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended) and as an alternative investment fund manager with "top up" permissions which enable the firm to carry out certain additional MiFID investment services (pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), as amended). Registered in Ireland with the Companies Registration Office (No. 609677). Registered Office: 70 Sir John Rogerson's Quay, Dublin, 2, Ireland. Regulated by the Central Bank of Ireland (No. C173733).
LGIM Managers (Europe) Limited operates a branch network in the European Economic Area, which is subject to supervision by the Central Bank of Ireland. In Italy, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Commissione Nazionale per le società e la Borsa ("CONSOB") and is registered with Banca d'Italia (no. 23978.0) with registered office at Piazza della Repubblica 3, 20121 Milan, (Companies' Register no. MI - 2557936). In Germany, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority ("BaFin"). In the Netherlands, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Dutch Authority for the Financial Markets ("AFM") and it is included in the register held by the AFM and registered with the trade register of the Chamber of Commerce under number 74481231.Details about the full extent of our relevant authorisations and permissions are available from us upon request. For further information on our products (including the product prospectuses), please visit our website.