Legal & General : L&G appoints Nigel Drury as Chief Risk Officer for Asset Management subject to regulatory approval

About this update from Legal & General Group Plc

L&G has today announced the appointment of Nigel Drury, subject to regulatory approval, as the new Asset Management Chief Risk Officer ("CRO"). Nigel will have responsibility for leading and overseeing risk management across L&G's Asset Management business. Nigel brings over 30 years of extensive risk experience to the role, spanning banking, wealth and asset management. He has held senior positions, most recently serving as CRO at Schroders, following earlier roles at JPMorgan and ABN AMRO/RBS. His experience includes significant UK regulatory engagement (PRA/FCA) and board-level governance expertise. St arting on 18 May, Nigel will report into L&G Group's CRO Chris Knight and CEO, Asset Management Eric Adler. The appointment follows the recent announcement that Emiel van den Heiligenberg has been appointed Chief Investment Officer for L&G's Asset Management business. Nigel's appointment further strengthens L&G's Asset Management leadership team and ensures alignment across governance, risk and financial priorities as the business delivers the next phase of its strategy for long term global growth. By enhancing L&G's risk and governance framework, the firm is building a more agile, future ready business, with a continued focus on delivering for clients.

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