Legal & General Investment Management is hastily looking to recruit for its redefined investment strategy following the departure of Peter Knapton.
Knapton’s departure follows the crystallisation of the group’s core satellite investment strategy, which Knapton himself helped to develop. As part of the strategy, the group will manage large core passive portfolios, which are fringed by smaller, aggressively managed active portfolios.
Group investments director David Rough is looking outside L&G for a replacement for Knapton and for UK equities head Vanessa James, who left the company last year.
The new hire will be active-orientated rather than a passive business hire.
By Janet Du Chenne
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.