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LGIM grows its European operation

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Legal & General Investment Management (LGIM) has promoted Andrew Hitchings to head of UK institutional business.

 
In his expanded role, he will be responsible for ensuring that LGIM focuses on developing and delivering an exceptional client experience.
 
Hitchings joined LGIM in September 2012, as head of large UK clients, from State Street Global Advisors. He started in the industry in 1985 at Commercial Union and has an extensive investment background in a range of fund management roles.
 
In addition, LGIM has made the following new appointments:
 
Johan Rydqvist joins in the newly created position of European sales manager. He will focus on expanding LGIM’s sales activities in the Nordic, Swiss and German markets and will help grow LGIM’s international assets which stand at GBP43bn as at 31 December 2012. Rydqvis joins LGIM from Merrill Lynch.
 
John Tsalos joins in the newly created position of head of defined contribution (DC) distribution and product strategy. Tsalos will work closely with the client relationship teams to enhance LGIM’s DC distribution strategy to meet growing client interest. LGIM’s DC offering experienced strong demand in 2012 with assets growing by 19 per cent to end the year at GBP25.4bn. Tsalos joins LGIM from Standard Life.
 
Victoria Parrish joins as head of RFPs and marketing analytics. She will be responsible for ensuring the efficient management of the large volume of RFPs and RFIs received by LGIM. She joins the business from Credit Suisse Asset Management.
 
Taryn Leibbrandt joins as client relationship manager and will take responsibility for the development of a portfolio of institutional clients. Leibbrandt joins LGIM from T Rowe Price.
 
Hugh Cutler, head of Europe and Middle East, says: “We have experienced significant levels of client-led growth in the last few years, particularly in areas such as DC in the UK, active fixed income, index and property in Europe. It is the right time for us to grow our resources to support this client demand. We have always been strongly committed to the long-term needs of clients and their investment advisors. Indeed, the success of our business is built on the understanding that, by working closely with our clients and their advisors, we can get to the heart of what matters most, to enable us to deliver the right investment solutions to meet their evolving needs.” 

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