Legal & General announces Jackie Noakes to lead £105bn savings business
Nigel Wilson, Group CEO of Legal & General said: “Jackie’s outstanding data technology skills means it is excellent news for Cofunds and its customers that she has become its new Chairman. She has done a terrific job running the Mature Savings Business, and in her previous role as Legal & General’s Chief Information Officer. Cofunds' financial performance has been below our expectations, however Jackie’s digital skill set will be key to improving Cofunds' scalability, leading to greater profitability and better customer service.”
Jackie Noakes, Managing Director of Savings and Chairman of Cofunds said: “To succeed in the digital world platforms need size and scalability, brand recognition, customer focus, and great products at low prices. Cofunds has these building blocks in place. I relish the challenge of leading Cofunds, improving its profitability, and growing its customers and assets. My goal will be to ensure that Cofunds realises its true potential in the Savings market.”
Cofunds partners with over 17,500 advisers on behalf of 800,000 customers, delivering modern savings products, has assets under administration of £73.1 billion, and is the UK’s leading investment platform for financial advisers and other financial institutions.
 Assets under administration as at 30th September 2015
 Subject to Regulatory Approval
 As at 30th September 2015
For further information, please contact:
|Laura Doyle||Head of Investor Relations||
020 3124 2088
|Stephen Thomas||Investor Relations Manager||020 3124 2047|
|John Godfrey||Corporate Affairs Director||020 3124 2090|
|Richard King||Head of Group Corporate Communications||020 3124 2095|
Notes to editors:
Legal & General Group Plc
Established in 1836, Legal & General is a leading provider of insurance, savings and investment management products in the UK. The Group has a market capitalisation of £14bn (as at 26 January 2016) and is responsible for investing £728bn worldwide (as at 30 September 2015) on behalf of investors, policyholders and shareholders. Legal & General has over seven million customers in the UK for life assurance, pensions, investments and general insurance plans and over one million customers in the US who rely on us for life assurance. In 2014, Legal & General's operating profit (on the IFRS basis) was £1,275m and earnings per share were 16.70p for the period, an increase of 10% for both respectively.
For more information on Legal & General, please see: http://www.legalandgeneralgroup.com/
Jackie Noakes biography
Jackie was appointed Managing Director, Mature Savings in January 2015. She is responsible for taking care of 1 million customers who have invested £29 billion of assets across individual pensions, bond or endowment products.
Jackie joined Legal & General in 2007 and has led a variety of shared services across the business including Group Procurement, Financial Reporting, Facilities Management and most notably IT in her capacity as Group IT Director.
Prior to joining Legal & General, Jackie held senior IT roles at American Express and worked for Financial Services companies, including the Bank Of Ireland, Firemans Fund, Blue Cross & Blue Shield and Royal & Sun Alliance, living and working in Ireland, Sweden, Australia and America.
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