Legal & General Group Plc (“Legal & General”) today announces the appointment of Michelle Scrimgeour as Chief Executive Officer of Legal & General Investment Management (“LGIM”) and executive director of Legal & General Group.
Michelle Scrimgeour will join LGIM from Columbia Threadneedle Investments, where she is currently Chief Executive Officer with responsibility for the EMEA (Europe, Middle East and Africa) region.
Her appointment follows a comprehensive, global search process and is subject to regulatory approval. She will succeed Mark Zinkula as CEO of LGIM. Mark has been CEO of LGIM since 2011, and last year announced his intention to retire from the company in August 2019. Michelle will take up her post formally following the completion of regulatory and other formalities and Mark will be working closely with her to ensure a comprehensive handover before he retires from the Company later this year. Michelle will join the board of Legal & General Group plc on appointment, at which point Mark will step down from the Legal & General Group Board. The specific retirement and appointment dates will be confirmed in due course.
No information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to Michelle’s appointment as a director of the Company.
Commenting on Michelle’s appointment, Nigel Wilson, CEO of Legal & General, said: “I am delighted Michelle is joining us to lead the next phase of LGIM’s growth both with our existing UK clients and internationally. Her successes at Columbia Threadneedle, M&G and Blackrock clearly demonstrate that she combines a capacity for managing and growing a very substantial international asset management business with a strong focus on creating sustainable and scalable operations. Her practical, collegiate and customer-focused approach will further bolster LGIM’s unique culture, leveraging its strong synergies with the broader L&G Group, and building on the outstanding job “Zink” has done since 2011.”