Business
Appointment of António Simões as Group CEO
Appointment of António Simões as Group CEO.
About this update from Legal & General Group Plc
[{"type":"text","content":"\n\nLegal & General Group Plc announces the APPOINTMENT of antÓnio simÕes AS GROUP CHIEF EXECUTIVE OFFICER\n\nLegal & General Group Plc (\"Legal & General\" or \"the Group\") is pleased to announce that António Simões is to be appointed to the role of Group Chief Executive Officer of Legal & General, subject to regulatory approval.\nAntónio will join from Banco Santander where he has been Regional Head of Europe since September 2020. In this role, he leads Santander's businesses in the UK, Spain, Portugal and Poland, working across retail and commercial banking, corporate and investment banking, wealth management and insurance. Prior to joining Santander, António spent 13 years at HSBC, including as CEO of UK and Europe, and latterly CEO of Global Private Banking, based in London and Hong Kong. He is a former McKinsey & Company partner.\nAntónio's appointment follows a rigorous, global, selection process managed by Sir John Kingman, Group Chair. He will succeed Sir Nigel Wilson as Group CEO. Sir Nigel has been Group CEO of Legal & General since 2012, and in January announced his intention to retire from executive life.\nAntónio will take up his post formally on 1 January 2024. Sir Nigel will remain as Chief Executive in the meantime, continuing to focus on delivering the strategy of the Group. Sir Nigel will work closely with António to ensure a comprehensive handover and a smooth transition. António will join the Board of Legal & General Group plc on appointment, at which point Sir Nigel will step down from the Board.\nThere are no other disclosures required under Listing Rule 9.6.13R in relation to António's appointment.\nSir John Kingman, Chair, said:\n\"The Board is delighted to appoint António as Group CEO Designate. António brings a formidable leadership track record at the most senior level of financial services, working across complex, global organisations. In an excellent field, his energy, ambition and clarity of strategic thinking stood out, alongside his strong belief in the positive role that business should play in society.\nI look forward to working with António to ensure that Legal & General continues to deliver on its enormous potential for our shareholders, employees, customers and the communities of which we are a part. I would also like to reiterate my thanks to Nigel who I kno...