High profile desertions lead to speculation of a sell-off
Mark Burgess, head of active equities at Legal & General Investment Management (LGIM), and member of the Association of British Insurers (ABI) investment committee is quitting to join rival Threadneedle, leading to speculation that L&G may sell off LGIM, the FT reports.
His resignation follows that of Peter Chambers, LGIM’s chief executive, who announced his surprise retirement in March.
Tim Breedon, L&G’s group chief executive has denied speculation that LGIM might be floated or sold to the management
The Times carries a profile of Burgess.
