Legal & General boss announces retirement

The chief executive of financial services provider Legal & General has announced his intention to retire after spending a decade at the company.

Sir Nigel Wilson joined Legal & General in 2009 as chief financial officer before being appointed chief executive in 2012.

He was knighted for services to the financial services industry and regional development in the 2022 New Year’s Honours List, and has won numerous awards including the ‘most admired leader’ award at Britain’s Most Admired Companies Awards 2017.

The board is yet to appoint a successor, adding that it expects the process will take around a year. Sir Nigel will remain in his role until then.

Legal & General chair, Sir John Kingman, said: “Nigel has successfully navigated significant geopolitical changes as well as challenges in the regulatory and market environments of each of our core businesses and has steered the Group into a position of strength from which it can continue developing on behalf of its shareholders, customers and people.

“Under his stewardship, the Group has consistently delivered profitable, sustainable and inclusive growth. Nigel has been a tireless champion for investment-led growth and responsible investment.”

Sir Nigel Wilson said: “Legal & General has been a big part of my life and my decision to retire from the Group has been taken with mixed emotions”,

“I firmly believe we have laid strong foundations to support the next phase of growth for the Group, with one of the most talented, collaborative and collegiate management teams in any industry to deliver this.

“I remain fully committed to delivering the current strategy of the Group, in partnership with the executive team, and supporting the transition to a new Chief Executive.”