Robert Capone was named head of defined contribution at Legal & General Investment Management America, spokeswoman Julia Sofo confirmed.
The position is new. Mr. Capone will help expand the firm’s $7.87 billion U.S. DC business and drive its DC strategic planning efforts. He will report to CEO Aaron Meder.
Mr. Capone was head of distribution at Great-West Investments. Monica Mendoza, a Great-West spokeswoman, was not immediately available to provide additional information.
LGIMA had $241 billion in assets under management as of Dec. 31.
