Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 14th of August 2018
October 30, 2012

L&G appoints head of treasury & investments

by Gill Montia

Story link: L&G appoints head of treasury & investments

Legal & General (L&G) has appointed Paul Stanworth as head of group treasury and investments, reporting to group chief executive officer, Nigel Wilson.

Heading a newly created team, Mr Stanworth will be responsible for the overall asset strategy and financing of L&G’s balance sheet which comprises: £40.1 billion of assets across all shareholder interests; £16.4 billion in participating funds; £3.3 billion of group borrowings (as at 30th June 2012).

The new set up should enable L&G to deliver investment and financing strategies consistently across its balance sheet while achieving financial risk efficiencies.

Mr Stanworth joined the group in 2008, following a career spanning fund management and investment banking.

Since then he has successfully collaborated with Legal & General Investment Management and is credited with having helped stabilise and de-risk its investment portfolio.

 

News posted:



Related stories to L&G appoints head of treasury & investments: