Robert Churchlow has become Legal & General Investment Management's head of active equities, replacing Mark Burgess who is joining Threadneedle.
Churchlow was responsible for LGIM's UK desk, and a spokesman for the manager says he will keep managing the unit's £15m UK Absolute Return and £223m Growth funds in his new role. Burgess is replacing Sarah Arkle, who was Threadneedle's CIO for 10 years, and is to become its vice chairman. Churchlow joined LGIM from Invesco in 2003, where he headed up the UK institutional equities desk. Before this he was responsible for the European equity research team at Royal & Sun Alliance Investment Management. LGIM's active equity business currently has about £10bn of assets.