Aaron Meder was named head of investment at Legal & General Investment Management as part of a wider restructuring of the leadership team, a spokesman said.
The position is new, and Mr. Meder will lead the firm's investment teams, excluding real assets such as real estate and infrastructure. Mr. Meder is also global head of solutions, a role he retains.
Bill Hughes was appointed head of real assets, a new position that brings together LGIM's direct investment capabilities in real estate and infrastructure into one team. Mr. Hughes also retains his role as managing director of LGIM property.
Roger Bartley will become vice chairman-investments and will work to grow the firm's business in new markets and distribution channels. Mr. Bartley was previously global head of fixed income. The spokesman said Anton Eser, who is based in London, and John Bender, based in Chicago, become co-heads of global fixed income and report to Mr. Bartley. Messrs. Eser and Bender were deputy heads of fixed income.
Mike Craston was appointed vice chairman-Legal & General Investment Management America. Mr. Craston will focus exclusively on the firm's U.S. business. His responsibilities in other regions, in his previous role as managing director, global institutional business, will transfer. He retains his title of CEO of LGIMA.
Sarah Aitken, who was previously head of institutional business for Europe and the Middle East, will become head of distribution, taking on some responsibilities from Mr. Craston. Her role extends to lead all distribution in Europe, the Middle East and Asia, across institutional and retail business.
LGIM also announced that Ali Toutounchi, managing director-index funds, will leave the firm at the end of this year. He will work with LGIM CEO Mark Zinkula and Mr. Meder to appoint his successor.
“LGIM has been growing rapidly internationally and enhancing its product set and investment solutions for its customers,” Mr. Zinkula said in a news release. “Clients … want to access (our services) via integrated solutions. Today's management changes will drive this forward, and help to deliver growth in the Americas, U.K., Europe and Asia.”
The changes will be implemented this month, LGIM said in a statement.