Legal & General Investment Management CEO to retire

Mark Zinkula, CEO of LGIM, will retire in August next year after seven years as CEO.

The chief executive of Legal & General Investment Management (LGIM) has announced plans to retire in August next year after seven years in the role.

Mark Zinkula was appointed CEO of LGIM in March 2011, and joined the Group Board of Legal & General in September the following year. Prior to that, he was appointed CEO of LGIM America in 2008, tasked with the expanding the company’s presence in the region.

Zinkula has held senior positions at buy-side firms before joining LGIM, including global head of fixed income at Aegon Asset Management. He is also a board member for The Investment Association and a director for The Financial Reporting Council.

“Leading LGIM over the past several years, a period of significant transformation and growth, has been a real privilege,” Zinkula commented.

“It has been a pleasure to work with such committed colleagues at LGIM and I’m proud of what our talented leadership team has accomplished. They have created a truly unique, collaborative and client-focused culture, which has driven the successful expansion of our business.”

He added that by giving notice well in advance of his departure, LGIM will have plenty of time to find his successor. LGIM said it plans to commence proceedings to appoint Zinkula’s successor in due course.

Legal & General’s group chief executive, Nigel Wilson, described Zinkula as being a “first class CEO of LGIM”, which now manages just under $1 trillion in assets under management.

“I am very grateful for his excellent stewardship,” Wilson said. “I look forward to working with him in this next phase, building on this success, and in due course the appointment of his successor. Mark truly espouses Legal & General’s culture and values and we will miss him.”