Lloyd’s names first-ever CIO as it eyes new market investment platform

Re/insurance marketplace  Lloyd’s of London has recruited its first chief investment officer to build and lead its new investment platform for the market.

Eleanor Bucks will join the Corporation in September from Legal & General where she was the chief operating officer of its alternative asset platform, Legal & General Capital.

Based in London, she will focus on the creation of the new Lloyd’s Market Investment platform, which will enable greater scale and access to broader products to ultimately reduce cost and improve returns for the market. Bucks will also oversee Lloyd’s treasury and investment management team.

Bucks has 20 years of experience in insurance and finance including several roles at Legal & General as chief investment officer and managing director, direct investment and real assets for Legal & General Retirement. She has also served as chair of LGIM Real Asset’s Alternative Investment Fund Manager and a director of Legal & General’s Single-Family Build-to-Rent business.

Burkhard Keese, chief financial officer of Lloyd’s, said: “I’m thrilled that Eleanor will be joining Lloyd’s to build and lead the Lloyd’s Market Investment platform. Eleanor joins Lloyd’s at an exciting time as we create an investment platform that will significantly improve investment returns for the market.

"With a strong track record of investing to support pensions and insurance in the UK, Bermuda and the US, she brings with her a valuable global perspective, which not only strengthens the existing Investments team at Lloyd’s but also adds to the diverse representation of Lloyd’s senior leadership team.”

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