Mark Cliff, one of 20-20 Trustees’ most experienced trustees, has been appointed to the Legal & General Mastertrust Board. The appointment, made by Legal and General Investment Management (LGIM), comes on the back of impressive and sustained growth for 20-20 Trustees over recent years and demonstrates the group’s increasing influence in the investment management sector.
An experienced professional trustee with some 25 years’ experience in advisory, in-house and Trustee Chair roles, Cliff joined 20-20 Trustees from Manchester Airports Group (MAG) in April 2019. Reward and Pensions Director at MAG, he was responsible for the management of senior stakeholders covering the areas of strategy, funding, investment, financial accounting and also the oversight of delivery of trustee services by third-party providers. Cliff also managed the Trade Union relationship for pensions.
2020 Trustees’ Managing Director, Naomi L’Estrange, says: “Mark’s appointment is a comprehensive endorsement of the experience and talent that has been recruited into 20-20 Trustees in the year. The L&G Mastertrust Board is one of the largest, most respected and influential Mastertrusts in the sector and I am confident that Mark will quickly bring his expertise and skills to bear and have an immediate impact on their organisation. 20-20 Trustees is committed to enhancing the services that we offer and collaborating with companies like L&G will allow us to develop and refine our proposition.”
Dermot Courtier, Independent Chair of the L&G Mastertrust, says: “Mark, brings a wealth of industry experience and insight that will increase the blend of skills across our Board. This appointment is timely as the Mastertrust approaches GBP9 billion of assets under management and we look to balance the demands of an increasingly complex regulatory framework with our ambition to remain at the forefront of market and industry innovation.”
Launched in 2011, the L&G Mastertrust manages GBP8.8 billion in assets, on behalf of more than a million members and was one of the first Mastertrusts to receive authorisation from the Pensions Regulator (TPR) in 2019.
