L&G appoints Big Four accounting firm hire as divisional CEO

Legal & General (L&G) has tapped a recent hire from a Big Four accounting firm to become the chief executive officer (CEO) of its pension risk transfer (PRT) business unit,  Legal & General Retirement Institutional (LGRI).

Andrew Kail (pictured) succeeds Laura Mason, who has moved to become CEO of Legal & General Capital.

Mason has headed LGRI since January 2018, with the business contributing 41 percent of group profits in the first six months of 2021.

Kail joined Legal & General Retail Retirement (LGRR) in 2021, having previously spent 30 years at PricewaterhouseCoopers (PwC) in a wide variety of roles. As Head of Financial Services he led PwC’s team in asset & wealth management, banking, insurance, and real estate, having previously worked in its audit, strategy, regulation and technology divisions.

Kail, CEO of LGRI, said: “It is a great privilege to lead such a successful global team in the Pension Risk Transfer (PRT) markets. There are still significant opportunities for Legal & General to help pension schemes de-risk, in the UK and internationally, through collaboration, innovation and drawing on the strength of the Legal & General Group.

“We provide additional security and world class customer service to scheme members while investing their savings in their communities and their environment, levelling up local economies.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.