L&G appoints Big Four accounting firm hire as divisional CEO
Legal & General (L&G) has tapped a recent hire from a Big Four accounting firm to become the chief executive officer (CEO) of its pension risk transfer (PRT) business unit, Legal & General Retirement Institutional (LGRI).
Andrew Kail (pictured) succeeds Laura Mason, who has moved to become CEO of Legal & General Capital.
Mason has headed LGRI since January 2018, with the business contributing 41 percent of group profits in the first six months of 2021.
Kail joined Legal & General Retail Retirement (LGRR) in 2021, having previously spent 30 years at PricewaterhouseCoopers (PwC) in a wide variety of roles. As Head of Financial Services he led PwC’s team in asset & wealth management, banking, insurance, and real estate, having previously worked in its audit, strategy, regulation and technology divisions.
Kail, CEO of LGRI, said: “It is a great privilege to lead such a successful global team in the Pension Risk Transfer (PRT) markets. There are still significant opportunities for Legal & General to help pension schemes de-risk, in the UK and internationally, through collaboration, innovation and drawing on the strength of the Legal & General Group.
“We provide additional security and world class customer service to scheme members while investing their savings in their communities and their environment, levelling up local economies.”
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