Legal & General Investment Management appoints Mark Benstead.
18 July 2014
Legal & General Investment Management (LGIM) has appointed Mark Benstead as a senior portfolio manager within its UK Credit Team. The team, headed by Robert Barnard-Smith, manages over £20 billion in credit strategies, including the assets of Legal & General (Unit Trust Managers) Limited’s investment grade unit trusts (the L&G Fixed Interest Trust, L&G Managed Monthly Income Trust and L&G Sterling Income Fund).
Benstead joins LGIM on 7 July from AXA Investment Managers where he was Head of UK Credit. Prior to this he was Head of Syndicate and a Managing Director at Royal Bank of Canada. He has 20 years’ experience in investment banking.
Robert Barnard-Smith, Head of UK Credit, LGIM, said:
“The quality and experience of our investment professionals are key factors in our on-going success at LGIM. Mark brings vast high level experience of the credit markets and is a great addition to our very successful and experienced UK Credit team. I am really delighted he has joined the LGIM team.”
Notes to editors
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
Legal & General (Unit Trust Managers) Limited is the authorised fund manager of the unit trusts and has appointed Legal & General Investment Management Limited to manage the assets.
LEGAL & GENERAL INVESTMENT MANAGEMENT:
Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £463 billion in assets for more than 3,000 clients*.Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. LGIM provides investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. LGIM’s capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
*As at 31 March 2014
For more information please contact:
PR Manager Legal & General Group
t: +44 (0) 203 124 2092