Legal & General Investment Management (LGIM) has hired Giancarlo Sandrin, former head of asset manager clients at BlackRock's iShare's business in Italy, to lead the launch of its new retail business in Milan.
The launch of the Italian business is part of LGIM's wider plans for European expansion, with the firm rolling out a range of ETFs, SICAVs and UCITS funds to Italian investors.
Sandrin's hire is the latest in a string of senior appointments for LGIM's European operations, with Philipp Graf von Königsmarck and James Crossley joining as head of wholesale, Germany and head of UK retail sales respectively.
In his new role, Sandrin will serve as Italy country head, wholesale & retail, and is responsible for the establishment of the Italian wholesale business.
He will be supported by a LGIM's London-based sales function and will report to Simon Hynes, head of retail, EMEA distribution.
Hynes said: "We have seen increasing appetite from investors across Europe for our range of solutions and opening a local office in Italy was the natural next step in our expansion plans.
"Giancarlo will be an invaluable addition to the team, with his deep knowledge of the European retail investment market and extensive sales experience.
"Building out our ETF business in Italy is a key priority for us, and given his background, Giancarlo is perfectly equipped to drive this growth."
Head of retail, EMEA at LGIM Honor Solomon added: "Giancarlo's appointment in Italy is a pivitol step in our long-term plan to broaden our reach across Europe.
"Over the last three years we have been steadily increasing our product offering for European investors and we are thrilled to have Giancarlo lead our foray into the Italian wholesale market."
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