UBS poaches L&G's CIO to co-head $1.8 trillion investments unit

Wed, 17th Dec 2025 12:16

LONDON, Dec 17 (Reuters) - Swiss financial giant UBS said on Wednesday it had hired a senior executive from Britain's Legal & General (L&G) to co-head an expanded $1.8 trillion direct investments unit.

UBS said it would combine its direct public and private markets investments units as part of the changes, which account for the bulk of its asset management arm's $2 trillion of assets.

Sonja Laud, currently chief investment officer at L&G, will join UBS in July next year to co-head the unit, UBS said in a statement. Barry Gill, who is currently head of investments, will be the other co-head of the unit, it said.

The wider UBS group is currently undergoing sweeping reorganisation as it looks to complete the integration of Credit Suisse, which it bought in a rescue deal in 2023.

L&G was not immediately available for comment. (Reporting by Iain Withers; Editing by Tommy Reggiori Wilkes)

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