LGIM strengthens Fiduciary business with new appointment

Legal & General Investment Management (LGIM) has announced that it has appointed Lisa Purdy as Head of Fiduciary Distribution.

Lisa will be responsible for growing LGIM’s fiduciary business across existing and potential clients. She will report to Mark Johnson, Head of Institutional Clients.

Previously, Lisa was at Lloyds Bank, where she was Corporate Pensions Director responsible for distributing pension services to commercial customers. Before this Lisa, was a Principal Investment Consultant and led on Business Development for UK investment advisory at Aon Hewitt. She has 14 years’ experience in pensions, including time in Aon’s US fiduciary business in Chicago and is a qualified actuary.

Commenting on Lisa’s appointment, Mark Johnson said: “With around 15% of schemes using a fiduciary manager and estimates suggesting the market could reach £375bn by 2027*, LGIM sees this market as a significant growth opportunity. Our clients are increasingly looking to us for fiduciary management support as their governance burden grows. We are delighted to welcome Lisa who has a wealth of experience and we are confident our fiduciary business will go from strength to strength.”

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