Financial services and asset management company Legal & General has appointed Lesley-Ann Morgan as global head of defined contribution ( DC) to drive the group’s DC strategy, commercial agenda and client growth for the business worldwide.
In the newly created role, Morgan will will report to Sarah Aitken, chief client officer, asset management. Jayesh Patel, head of UK DC distribution, will report to Morgan and continue to work alongside Paula Llewellyn, CEO of UK DC & workplace savings.
Bringing more than three decades of industry experience, Morgan has joined from Schroders, where she spent over a decade in senior leadership positions, most recently as global head of pensions and retirement. Her work there spanned global pension strategy, business development, product design and market engagement. Before Schroders, she spent 18 years at Towers Watson as an investment consultant and partner, advising DB and DC schemes.
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Morgan commented: “I’m thrilled to be joining L&G at such a pivotal time for the business and the wider pensions industry. There is clear long-term growth in DC pension savings and I’m excited to help deliver the innovative solutions that are needed to meet the evolving needs of clients. The scale of the opportunity to support millions of savers globally is immense, and I look forward to working with the team to further strengthen our client proposition and expand into new markets.
Sarah Aitken, chief client officer, L&G, said: “Lesley-Ann’s appointment marks an exciting step forward in our ambition to grow and evolve our DC business. Her deep understanding of the pensions landscape, combined with her proven leadership in client strategy and innovation, will be instrumental as we continue to expand our reach and enhance our offering.”
