LGIM appoints Columbia Threadneedle’s Scrimgeour as new chief executive

Former chief executive for EMEA, APAC at Columbia Threadneedle to succeed Mark Zinkula later this year.

Legal & General Investment Management (LGIM) has announced the appointment of Michelle Scrimgeour as the firm’s new chief executive.

Formerly the chief executive officer for EMEA and APAC at Columbia Threadneedle. Scrimgeour will succeed Mark Zinkula, who is due to retire in August this year after eight years with LGIM, although a specific date for both has yet to be confirmed.

Scrimgeour joined Columbia Threadneedle in April 2017, after a five-year spell with M&G Global as the firm’s chief risk officer. Prior to that, she held roles with BlackRock, Merrill Lynch and Mercury Asset Management, most focusing on fixed income and alternative investments.

“[Scrimgeour’s] successes at Columbia Threadneedle, M&G and Blackrock clearly demonstrate that she combines a capacity for managing and growing a very substantial international asset management business with a strong focus on creating sustainable and scalable operations,” said Nigel Wilson, CEO of Legal & General.

“Her practical, collegiate and customer-focused approach will further bolster LGIM’s unique culture, leveraging its strong synergies with the broader L&G Group, and building on the outstanding job ‘Zink’ has done since 2011.”