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Cofunds Chief Executive Steps Down
Stephen Little
26 September 2013
, has decided to retire at the end of
October after over 40 years at Legal & General. Legal & General has appointed David Hobbs to replace
him, subject to Financial Conduct Authority approval. Last became chief executive of Cofunds in May, following
the acquisition by Legal & General. He will now work with Legal & General and the Cofunds
management team towards a smooth transition of leadership. Last joined Legal & General in 1972 as a calculations
clerk, and became managing director of Legal & General’s banks and building
society distribution division, before being appointed chief executive of
Cofunds after Legal & General’s acquisition in May 2013. Hobbs is currently managing director of operational services of
Cofunds, having previously been managing director of Suffolk Life for three
years.