Legal & General Investment Management (LGIM) has promoted Aaron Meder to global head of solutions group as part of an evolution of strategy, the firm says.
Meder was formerly head of US pension solutions for LGIM America. He will report to Mark Zinkula, chief executive.
Kerrigan Procter, formerly head of solutions group, has moved to the role of managing director annuities within Legal & General, the insurance company. He reports to John Pollock, executive director, protection and annuities.
Meder joined LGIM America in 2010 and has been responsible for the construction and management of customised investment solutions, including liability-driven investments, for US pension clients.
Kerrigan succeeds Simon Gadd, who was recently appointed chief risk officer. Kerrigan remains a member of the LGIM Holdings Board.
LGIM says it has witnessed a significant shift in the way that companies approach managing their pension fund assets and liabilities over the past few years. In the UK, Europe and the US many organisations have looked to de-risk their asset portfolios and the firm believes this trend will continue to accelerate.
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