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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Legal & General Group Plc | LSE:LGEN | London | Ordinary Share | GB0005603997 | ORD 2 1/2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.10 | 2.16% | 240.90 | 240.70 | 240.90 | 241.80 | 237.00 | 237.40 | 9,557,305 | 16:35:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ins Agents,brokers & Service | 36.48B | 457M | 0.0764 | 31.52 | 14.4B |
From May 2021 to May 2024
By Sabela Ojea
Legal & General Group's Legal & General Capital said Tuesday that it has appointed Gareth Mee as its new chief financial officer.
The FTSE 100-listed insurance company's alternative-asset platform said that Mr. Mee, a partner at Ernst & Young Global Ltd., will lead its financial operations from January 2022. He will replace Stephen Halliwell in the role.
Mr. Mee will help the main investment arm of Legal & General Group generate up to 600 million pounds ($823.7 million) in profit from alternative assets by 2050, it said.
Legal & General Capital's key targets include growing its alternative-asset portfolio to GBP5 billion by 2025 and generating returns of around 10% to 12% a year, across its key focus areas of housing, small and medium enterprises finance, specialist commercial real estate and clean energy, it added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 19, 2021 05:05 ET (09:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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