Asset Management

Wilson: We want to double LGIM's market share

L&G chief executive sets out 2025 asset management targets as he presents the group's 2015 results

Nigel Wilson, chief executive of Legal & General, wants to double the group's market share in asset management by 2025
Nigel Wilson, chief executive of Legal & General, wants to double the group's market share in asset management by 2025

Nigel Wilson, chief executive of UK insurer Legal & General, hailed "record" results for the group's asset management division as he set out a target for the near-£750 billion unit to double its global market share in the next decade.

Legal & General Investment Management pulled in a net £38 billion of new inflows during 2015, the company said at its full-year results briefing on March 15, taking assets to £746 billion. The division also increased operating profits by 11%, to £355 million for the year.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump