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Legal & General hires PGIM exec to lead £1.1 trillion asset management business

Summary by RocketNews
Legal & General has named Eric Adler from US asset manager PGIM as its next chief executive, as the UK’s largest fund group looks to bolster its private markets business. Article Attribution | Read More at Article Source The post Legal & General hires PGIM exec to lead £1.1 trillion asset management business appeared first on RocketNews.

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Legal & General hires Eric Adler to lead asset management push

Legal & General has appointed Eric Adler as chief executive of its asset management arm as the FTSE 100 pensions and insurance giant looks to forge ahead with its new strategy. The FTSE 100 firm is looking to combine its public and private markets business with the aim of creating a single “simpler” investment division. It is targeting asset management operating profits of between £500-600m by 2028, alongside growing its private markets platform…

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RocketNewsRocketNews

Legal & General hires PGIM exec to lead £1.1 trillion asset management business

Legal & General has named Eric Adler from US asset manager PGIM as its next chief executive, as the UK’s largest fund group looks to bolster its private markets business. Article Attribution | Read More at Article Source The post Legal & General hires PGIM exec to lead £1.1 trillion asset management business appeared first on RocketNews.

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WDC TV NewsWDC TV News

Legal & General appoints new asset management boss in drive for growth

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Legal & General has appointed a chief executive for its newly created asset management division, picking a US executive with expertise in private assets in a signal of how it plans to grow Britain’s largest asset manager. In the latest in a string of announcements under new chief António Simões, L&G said on Tuesday that …

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citywire.comcitywire.com

Legal & General names PGIM alts boss as asset management CEO

Eric Adler – who is in effect replacing Michelle Scrimgeour – has a CV laden with private markets and real estate experience.

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Portfolio AdviserPortfolio Adviser

Legal & General hires asset management CEO from PGIM

Legal & General has hired Eric Adler (pictured) as the new chief executive officer of its asset management arm, following proposed plans to unify its private and public market businesses. Adler will join the firm from PGIM, where he is president and CEO of its private alternatives business, which operates across private equity, private credit, real estate and infrastructure. The business arm currently has $320bn under management. In his new role…

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funds-europe.comfunds-europe.com

L&G hires PGIM’s Eric Adler as asset management CEO

Legal & General has appointed Eric Adler as the chief executive of its asset management division. Adler will join L&G in December from US-based PGIM, Prudential Financial’s global asset manager, where he is President and Chief Executive of its $320 billion private alternatives business. Prior to that Adler was CEO and Global Chief Investment Officer

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