Products February 25, 2015

LGIMA Expands Beyond Corporate DB Plan Market

LGIMA has hired Mark Toomey, senior client portfolio manager, to assist with its expansion.
Reported by

Legal & General Investment Management America, Inc. (LGIMA) will extend distribution of its products to the public defined benefit plan, Taft-Hartley plan and foundation/endowment segments of the institutional investing market.

To assist in this effort, LGIMA has hired Mark Toomey, senior client portfolio manager. Toomey joins from Henderson Capital, where he was head of North American institutional business. He reports directly to Tom Meyers, senior client portfolio manager and head of distribution at LGIMA.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

As part of a broader strategic growth plan, LGIMA officially launched its U.S. index business late last year and is expanding its active fixed-income offerings to include unconstrained bond and global high yield for the U.S. institutional market. Meyers said, “We have seen increased client demand for these products and now is the right time to extend these offerings to the U.S. market.”

Legal & General Investment Management America, Inc. is a Chicago-based registered investment adviser specializing in fixed income and liability driven investment (LDI) strategies for the U.S. institutional market. More information is at www.lgima.com.

«