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Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
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Share Price: 248.50
Bid: 248.30
Ask: 248.50
Change: -3.90 (-1.55%)
Spread: 0.20 (0.081%)
Open: 250.30
High: 250.60
Low: 247.90
Prev. Close: 252.40
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MOVES-PIMCO, Zurich, US Bank, Legal & General, RBC, Morgan Stanley

Wed, 22nd Jan 2014 22:10

Jan 22 (Reuters) - The following financial services industryappointments were announced on Wednesday. To inform us of otherjob changes, email moves@thomsonreuters.com.

PIMCO

Mohamed El-Erian, heir-apparent to Pacific InvestmentManagement Company (PIMCO)co-founder Bill Gross, will step downas chief executive and co-chief investment officer at the assetmanagement unit but will stay on the international executivecommittee of Allianz SE, the German insurer which ownsPIMCO. Douglas Hodge, chief operating officer, will step intothe chief executive role when El-Erian leaves the firm inmid-March, Pimco said in a statement.

ENEVA SA

The Brazilian energy producer has named former Goldman SachsGroup Inc dealmaker Fabio Bicudo as chief executiveofficer, a source with direct knowledge of the situation said onWednesday.

LOMBARD ODIER

Hugo Baenziger, former risk chief of Deutsche Bank, is to join Lombard Odier as a managing partner,tasked with helping the family-owned Geneva-based private bankexpand outside Switzerland.

FIDELITY INVESTMENTS ASSET MANAGEMENT

The asset manager's head Ron O'Hanley will leave the companyat the end of February, executives said on Wednesday, after acautious stint running a key unit of the family-controlledbusiness since 2010.

RBC WEALTH MANAGEMENT

The U.S. brokerage operation of Royal Bank of Canada said it had hired financial adviser Kelly Kerr from UBS.

MORGAN STANLEY WEALTH MANAGEMENT

The asset manager said that it hired three financialadviser. J Patrick Kearns joined from Fulcrum Securities, whileMichael Cott and Donald Nejedly joined from RBC Dain Rauscher.

KINNEVIK

Mia Brunell Livfors is stepping down as chief executive ofthe Swedish investment firm to seek a new challenge after eightyears helping to transform the company into a leading investorin technology and e-commerce.

ZURICH INSURANCE GROUP AG

The insurance group said it has appointed Saad Mered to theposition of chief claims officer for its general insurancebusiness. Mered, who joined Zurich in 2008 from AIG, willreplace Thomas Sepp, who has left the company to pursue otheropportunities.

U.S. BANK WEALTH MANAGEMENT

The wealth manager of U.S. Bancorp said on Tuesdaythat Hank Zewald has been named wealth management consultant forthe private client reserve of U.S. Bank in Portland. Zewald waspreviously the owner of consulting firm Quantum FinancialPartners.

John Paul Sweeney has also joined the private client reserveof U.S. Bank in Chicago as a senior trust officer. Prior tothis, Sweeney was a managing director and senior trust officerwith the Private Bank and Trust Company.

LEGAL & GENERAL CAPITAL

Legal & General Group Plc said Martin Brookes hasjoined as director of investment strategy.

Brookes was most recently director of portfolio managementin the Prudential Plc (UK) portfolio management group.

GENERAL ATLANTIC LLC

The equity firm said that Jan-Michiel Hessels, formerchairman of NYSE Euronext, has joined the company as a specialadvisor in Europe.

Hessels currently serves on the board of directors atIntercontinentalExchange Group Inc and on thesupervisory board at Royal Boskalis Westminster.

More News
18 Nov 2022 09:09

LONDON MARKET OPEN: FTSE 100 looks to end week on high note

(Alliance News) - Stock prices in London opened mixed on Friday, amid economic gloom in the UK, despite new data showing slight improvements in retail sales and consumer confidence.

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18 Nov 2022 08:29

TOP NEWS: Legal & General backs annual profit growth expectations

(Alliance News) - Legal & General Group PLC on Friday said its pension risk transfer business has continued to "perform strongly" with recent new-business wins.

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18 Nov 2022 07:56

LONDON BRIEFING: UK retail sales are better than forecast in October

(Alliance News) - Stock prices in London were called to open slightly higher on Friday, while new data showed UK retail sales performed better than expected last month.

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18 Nov 2022 07:17

Legal & General reiterates guidance amid defined-benefit struggles

(Sharecast News) - Legal & General reiterated its full-year guidance in a trading update on Friday, for operating profit growth in line with the 8% it delivered in the first half, and capital generation of £1.8bn.

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16 Nov 2022 14:25

Britain's insurers become test case for post-Brexit 'unshackling'

LONDON, Nov 16 (Reuters) - The British government and the Bank of England are reforming insurers' capital rules, seen as a post-Brexit test of UK willingness to "unshackle" the City of London after leaving the European Union.

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16 Nov 2022 11:11

Bulkamania: dividend upgrades coming

STOXX 600 down 0.6%

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16 Nov 2022 09:26

LONDON BROKER RATINGS: Berenberg raises Kainos to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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7 Nov 2022 10:01

UK bond turmoil leaves smaller pension schemes with longer-term costs

Smaller schemes may seek more protection with bespoke LDI

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3 Nov 2022 13:18

Top asset managers put new exit restrictions on $9.3 bln UK property funds

LONDON, Nov 3 (Reuters) - Two of Britain's largest asset managers are deferring withdrawals from funds managing 8.3 billion pounds ($9.28 billion) of UK property, the companies told Reuters on Thursday, in fresh signs of deteriorating sentiment towards UK real estate.

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2 Nov 2022 22:44

More Capricorn shareholders speak out against NewMed deal

LONDON/NEW YORK, Nov 2 (Reuters) -

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27 Oct 2022 10:14

LONDON BROKER RATINGS: Kepler Cheuvreux starts Haleon at 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday afternoon:

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20 Oct 2022 14:02

UK fund manager Schroders LDI assets fall by 20 bln stg

Schroders AUM declines by 2.7%, Solutions unit AUM falls by 9%

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13 Oct 2022 10:45

How are life insurers coping in LDI storm?

LONDON, Oct 13 (Reuters) - The focus of a gilt market storm has been around pension schemes' use of liability-driven investments (LDI), many of which are highly leveraged.

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12 Oct 2022 12:18

What is LDI? Liability-Driven Investment strategy explained

LONDON, Oct 12 (Reuters) - The Bank of England has intervened multiple times in the UK government bond market in the last fortnight to rein in gilt yields, which rocketed after Britain unveiled a welter of tax cuts to be funded by borrowing on markets.

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12 Oct 2022 05:53

Bank signals readiness to extend bond buying if needed - FT

(Sharecast News) - The Bank of England may extend its backstop programme for the UK government bond market past its 15 October deadline, the Financial Times reported, citing people briefed on the discussions.

Read more

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