People Moves
LGIM Appoints New Chief Operating Officer
The UK investment house has a new chief operating officer.
Legal & General Investment Management has appointed Michael Marks
as chief operating officer, reporting to Mark Zinkula, the
organisation’s chief executive. He joins the firm at the end of
June.
Marks joins after 28 years at BlackRock, the US-listed asset
management house.
The appointment is subject to regulatory approval.
Marks replaces Simon Thompson, who left the firm at the beginning
of February to take a sabbatical from the industry.
LGIM oversaw £757 billion ($1.1 billion) in assets under
management as of the end of December 2015.