Legal & General Group Plc has appointed Kerrigan Procter as CEO of its capital division, which is the unit that invests L&G’s principal–balance sheet money in infrastructure and housing.
He replaces Paul Stanworth.
Procter was previously CEO of Legal & General Retirement’s (LGR) business division since January 2013. And he was previously head of solutions at Legal & General Investment Management from 2006 to 2012.
Prior to joining Legal & General, Procter worked at RBS in the financial markets division, where he held several roles including head of pensions advisory, head of credit risk measurement and director of interest rate derivative structuring. He started his career in 1994 with Ernst & Young Corporate Finance before moving to Mercer, where he was both an investment consultant and responsible for ALM in Europe.
In addition, Chris Knight and Laura Mason have been promoted to chief executives of LGR Retail and LGR Institutional, respectively.
Mason is currently managing director of LGC’s direct investment operations and head of infrastructure. And Knight was the managing director of that section of LGR Retail.
Also, LGIM Real Assets promoted Simon Russian to head of retail. He will lead the retail team and be responsible for taking a strategic and holistic view on all of Legal & General’s retail assets to identify areas for change and innovation, ensuring that it creates long-lasting schemes that improve the urban environment.
