Legal & General Investment Management (LGIM) has set its sights on being a top ten asset manager in Europe and a top five player on a global level, as it targets the European retail market for the first time.
The group recently climbed to the top of the UK asset manager tables in terms of net sales, according to the Q2 Pridham Report, having jumped from fourth place in Q1 2017. It reported net retail sales of £1.1bn for the second quarter, a significant increase on the £399m reported in the same period of 2016. LGIM expands multi-index range into Europe LGIM's head of UK retail sales Simon Hynes said the group is now thinking on a larger scale and wants to be a top ten player in Europe by assets under management and a top five player in the world. "To be top of the Pridham Report wa...
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