Legal and General names new chief
Legal & General Investment management unit, the largest pension funds manager in the UK, has promoted the head of its American operations to chief executive as it eyes international business.
Legal & General named Mark Zinkula to head Legal & General Investment Management (LGIM), which has £342bn in funds under management.
Zinkula has been the chief executive of Legal & General Investment Management America (LGIMA) since 2008.
“Mark’s appointment as cjief executice of LGIM,…signals the group’s ongoing commitment to expand LGIM in international markets,” L&G said in a statement.
“Asset management is an increasingly valuable core business for the Legal & General Group,” said Tim Breedon, L&G group chief executive.
Zinkula succeeds Kevin Gregory, COO and interim LGIM CEO, who took over in April 2010 after Peter Chambers announced his retirement. Zinkula will report to Breedon.