Press releases


Jamie Vale - Director - Business Development
Jamie Vale
Director, Business Development
Platforms and Distribution

06 February 2012

Jamie Vale - Director - Business Development
Jamie Vale
Director, Business Development
Platforms and Distribution

Robert joined the company at the end of last year to develop IMRU’s range of market-leading investment advisory and bespoke consultancy services for external clients.

The Investment Management Research Unit (IMRU) was created in 2004 to operate as a consultancy within the Legal & General group providing an independent investment research, risk analysis and fund ratings service for up to 350 fully researched and risk-rated collective funds.  The consultancy provides tailored advisory services including fund selection, fund panels, governance and risk rating to Legal & General Savings and to external clients including Nationwide Building Society.

Robert reports to Jamie Vale, Legal & General’s Director of Business Development, Platforms & Distribution and leads a highly experienced team delivering cost-effective solutions to financial services providers, wealth managers and financial intermediaries.
Jamie said: “Robert brings an enormous weight of investment expertise to this newly created role and will also act as CIO of IMRU. He has over 25 years experience in the City as an investment manager and leading research operations in both fund management and wealth management companies. He will head up an extremely successful team responsible for advising on over £62bn of AUA for leading clients. I look forward to working with Robert as we roll out our specialist investment consultancy services to new clients.”

Robert Merrifield, Director and CIO, IMRU

Robert Merrifield commented; “IMRU is ideally placed to deliver a wide range of market leading advisory services to financial services providers and intermediaries, and is backed by the financial strength of Legal & General. With RDR implementation less than a year away we anticipate a strong demand for our bespoke investment and governance services. I am delighted to have joined Legal & General, one of the UK’s most respected pension, savings and insurance companies.”

Legal & General Savings recorded strong growth in AUA (reported in Q3 2011) with over £62.3bn in assets, which has grown from £54.8 billon in assets under administration at the end of 2009. The Legal & General platform – the Investor Portfolio Service, recorded platform assets had reached £5.2bn in Q3 2011.

Robert previously worked for a national wealth manager prior to which he spent 5 years as Head of Research and Deputy Chief Investment Officer of Quilter, one of the UK’s leading private client investment managers. He is a Fellow of the Chartered Institute for Securities and Investment.

Notes to editors

The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. As at 30 June 2011, we were responsible for investing £370 billion worldwide on behalf of investors, policyholders and shareholders.  We also had over seven million customers in the UK for our life assurance, pensions, investments and general insurance plans.

For more information please contact:

Mike Connolly

Mike Connolly
PR Manager Savings

t: +44 (0) 1737 375365
m: +44 (0) 7802 503917

About Legal & General

Legal & General (Portfolio Management Services) Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2457525.