The chief executive of Legal & General Investment Management (LGIM) Mark Zinkula will retire next year after more than eight years at the helm.
Zinkula was appointed chief executive of the investment management arm of the London-based Legal & General insurance giant in 2011 and became a board member of the group the following year.
In an announcement to the London Stock Exchange today, the firm said that Zinkula would retire in August 2019.
Under Zinkula’s leadership, LGIM’s assets under management have tripled to almost £1 trillion (€1.14 trillion), making it one of the UK’s largest fund managers.
Before joining LGIM, American born Zinkula previously worked as global head of fixed income at Aegon Asset Management.
“Leading LGIM over the past several years, a period of significant transformation and growth, has been a real privilege,” said Zinkula.
“We are well positioned for the future and I believe next year will be the right time to step down. By giving notice now, we will have ample time to plan for my successor.”
The firm said in a statement that it would start a process to recruit Zinkula’s successor “in due course”.
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