Tim Breedon will replace David Rough as director of investments for Legal & General Group when Mr. Rough retires at the end of this year. Mr. Rough will take early retirement and does not plan to find another job in investment management, said Neville Walton, L&G spokesman. Mr. Breedon is currently managing director of indexed funds at L&G, and the firm will replace him in that post, said Mr. Walton.