LGIM investment head Meder becomes CEO of US business

Aaron Meder of Legal & General IM

Legal & General Investment Management (LGIM) head of investment Aaron Meder is to relocate to Chicago following his appointment as chief executive of the firm’s American arm.

The move is a return to the US for Meder (pictured) who joined LGIM America (LGIMA) from UBS Global Asset Management in 2010 as head of US pension solutions, and was a key part of the firm’s US expansion.

He then moved to the UK in 2013 to head up LGIM’s global head of solutions and was promoted to head of investment in 2015.

John Bender has been acting as interim chief executive of LGIMA following the departure of Robert Moore in September.

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Anton Eser, currently co-head of LGIM’s global fixed income business, will take over Meder’s UK role following the move, becoming CIO. He has worked at LGIM since 2006.

Both Meder and Eser will report to Mark Zinkula, chief executive of LGIM, and are subject to regulatory approvals.

Eser’s fixed income role will be taken over by Colin Reedie, who is currently head of euro credit.

Zinkula said: “Aaron’s strategic vision will help drive the next phase of growth in the US business, as it expands into new markets and further develops its capabilities.

“Anton brings a wealth of leadership and investment experience to the role of CIO. His deep knowledge of our business, clients and the industry will ensure we are well placed for the increasingly competitive industry in which we operate.”

[Source:- investmentweek]