Business
Andrew Kail appointed as L&G's Group CFO
Andrew Kail appointed as L&G's Group CFO.
About this update from Legal & General Group Plc
[{"type":"text","content":"\n\n\n\n\n\nLegal & General Group Plc\nStock Exchange Release\n30 September 2025\n\n\n\n\nAndrew Kail appointed as L&G's Group Chief Financial Officer\nLegal & General Group Plc ('L&G' or the 'Company') today announces that Jeff Davies has informed the Board of his decision to stand down from his role as Group Chief Financial Officer (\"CFO\"). In line with the Group's succession plans, Andrew Kail will be appointed as Group CFO (subject to regulatory approval) and Executive Director with effect from 1 December 2025.\nAndrew is the CEO of L&G's largest business, Institutional Retirement, having joined L&G in 2021 as CEO of its Retail Retirement division. Since the beginning of last year, Andrew is also the CEO of Legal and General Assurance Society (LGAS) - the largest entity in the Group. \n \nBefore joining L&G, Andrew spent 30 years at PricewaterhouseCoopers (\"PwC\") in senior roles including the Head of Financial Services, where he led a 6,000 strong team in asset & wealth management, banking, insurance, and real estate. Andrew is an ICAEW chartered accountant and sits on the Board of TheCityUK.\n \nJeff will be leaving the Company to pursue a new opportunity at another organisation and will stand down from the Board on 10 December 2025. Jeff will remain with L&G until the end of 2025 to support a smooth transition to Andrew.\nJeff was appointed as Group CFO and Executive Director in 2017 and throughout his tenure has helped to shape L&G's strategic transformation, overseen significant regulatory change including the implementation of IFRS17 and Solvency II and has played a key role in a number of the Group's key strategic transactions and partnerships. Since last year he has also led the Group's Corporate Investments unit, where he has overseen the divestment of a number of non-strategic assets, including the CALA Group.\nA further announcement in relation to the successor to Andrew's current roles will be made in due course.\n \nAntónio Simões, Group Chief Executive Officer said: \"In Andrew we have an outstanding CFO designate with deep knowledge of the different businesses of L&G and the key drivers of its performance. He is already a valued member of my leadership team and has played a pivotal role in developing and driving the Group's growth strategy. I w...