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L&G appoints Procter as group executive director

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Legal & General Group has appointed Kerrigan Procter, chief executive officer of Legal & General Retirement (LGR), as a group executive director of the company with effect from 9 March 2017.

Procter (pictured) has been managing director of LGR, the company’s largest division by operating profit, since January 2013. He oversees the retirement business that helps over one million customers achieve financial security in retirement and invests over GBP50 billion of assets to back Legal & General's annuity promises to its pensioners.
 
He was previously head of solutions with Legal & General Investment Management, the group’s asset management business, from 2006 to 2012 where he was responsible for liability driven investment and fund solutions for defined benefit and defined contribution pension schemes across Europe and the US.
 
Sir John Kingman, chairman of Legal & General, says: "I am delighted that Kerrigan is joining the board. As Legal & General Retirement continues to build on its successes and expand internationally, the board will greatly benefit from closer interaction with the LGR business and from the expertise that Kerrigan will bring to the board.” 

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