2 Mar 2017
Legal & General Appoints Paul Miller as Group Strategy and M&A Director
Legal & General Group Plc has today announced the appointment of Paul Miller as Group Strategy and M&A Director.
This is a new position, reporting to Nigel Wilson, Group Chief Executive. In this role Paul will co-ordinate and advance Group wide strategy, working in collaboration with colleagues across the Group. Paul, who will be a member of the Group Executive Committee, will start in June 2017.
Paul is currently Head of EMEA Insurance within the Investment Banking Division at Goldman Sachs International, where he has spent 17 years covering a range of UK and international insurance companies.
Nigel Wilson, Group CEO of Legal & General said: ”Paul brings outstanding and relevant commercial capability and experience to Legal & General, providing leadership to the development and execution of our growth strategy. Furthermore his management style fits well with our culture of positive constructive collaboration. I am delighted that Paul has chosen to join Legal & General.”
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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 £15bn (as at 01 March 2017) and is responsible for investing £841.5bn worldwide (as at 30 June 2016) 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 2015, Legal & General's operating profit (IFRS basis) was £1,455m and adjusted earnings per share were 18.58p for the period, an increase of 14% and 11% respectively. For H1 2016 Legal & General’s adjusted operating profit was £822m, an increase of 10%, profit before tax attributable to equity holders was £826m, an increase of 23%, adjusted earnings per share were 11.20p for the period, an increase of 14%, and net cash generation of £727m, an increase of 16%.
- Legal & General is listed on the London Stock Exchange with the ticker symbol LGEN.LN and has an American Depositary Receipt ticker symbol OTC:LGGNY. Further information on our ADR program can be found here: http://www.legalandgeneralgroup.com/investors/adr.html
For more information on Legal & General, please see http://www.legalandgeneralgroup.com/
This announcement may contain certain forward-looking statements relating to Legal & General, its plans and its current goals and expectations relating to future financial condition, performance and results. By their nature, forward-looking statements involve uncertainty because they relate to future events and circumstances which are beyond Legal & General’s control, including, among others, UK domestic and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory and Governmental authorities, the impact of competition, the timing impact of these events and other uncertainties of future acquisition or combinations within relevant industries. As a result, Legal & General’s actual future condition, performance and results may differ materially from the plans, goals and expectations set out in these forward-looking statements and persons reading this announcement should not place reliance on forward-looking statements. These forward-looking statements are made only as at the date on which such statements are made and Legal & General Group Plc does not undertake to update forward-looking statements contained in this announcement or any other forward-looking statement it may make.