Legal and General (L&G) chief financial officer Mark Gregory will retire next year.
L&G has not appointed a successor to the role.
Gregory (pictured) led L&G’s £131 million purchase of platform Cofunds in March 2013, when he was chief executive of the company’s saving business. Reports at the time suggested he made an approach to the platform as long ago as 2011.
Following the completion of the deal to buy the platform, Gregory was appointed chief financial officer months later in July 2013.
Gregory joined L&G in 1998 and served in a number of roles there, including managing director of the company’s with-profits business. He has sat on L&G’s board since January 2009.
Gregory said he would step down at the start of next year following the completion of several regulatory projects.
‘My time since becoming group chief financial officer has coincided with a period of significant regulatory change resulting from the introduction of Solvency II and it is pleasing to have secured approval for all our applications,’ he said.
‘Whilst a difficult decision, I have decided that next January is a good time for me to be retiring from the group.’
Source: New Model Adviser