Legal & General Investment Management (LGIM) has appointed three new members to the board of its Irish management company, LGIM Managers (Europe), to support the growth of its European business.
Lee Toms (non-executive director and LGIM's global head of Investment Operations); Volker Kurr (executive director, head of German Branch and head of European Institutional Distribution); and John Craven (executive director and LGIM Europe's head of Finance), have been elected to the Board of Directors with immediate effect, bringing the Board to a total of seven directors.
Eve Finn, CEO of LGIM Europe, commented: "Europe remains a key strategic focus for LGIM and these appointments reflect our ongoing commitment both to our existing clients across Europe, but also to LGIM's continued expansion in the region. We have the necessary experience and infrastructure in place to support our growth in the region, and to ensure we can continue to service our clients across Europe, regardless of the outcome of negotiations around the UK's exit from the European Union."
LGIM announced in May last year that LGIM Europe, its Irish management company, had received authorisation from the Central Bank of Ireland (CBI), to manage its Ucits and Alternative Investment Funds (AIFs) located in the European Union (EU).
LGIM Europe has also received authorisation from the CBI in March 2019 to extend its permissions to include individual portfolio management. The European entity has led to an expansion in the office in Dublin; the LGIM Dublin office now has over 20 employees working across a number of functions including distribution, finance, risk and compliance, legal and investment management.