Legal & General CEO Antonio Simoes announces major restructuring, merging key divisions and considering housebuilding business sale, focusing on Institutional Retirement, Asset Management, and Retail.

Legal & General's new CEO, Antonio Simoes, has unveiled a major overhaul of the insurance and finance firm, which includes merging some key divisions and considering the sale of its housebuilding business. Simoes aims to create a "simpler, better-connected L&G" and has announced a £200m share buyback as a first step in increasing returns to shareholders. The company will focus on three core divisions: Institutional Retirement, Asset Management, and Retail.

June 12, 2024
7 Articles