Heading a newly created team, Mr Stanworth will be responsible for the overall asset strategy and financing of L&G’s balance sheet which comprises: £40.1 billion of assets across all shareholder interests; £16.4 billion in participating funds; £3.3 billion of group borrowings (as at 30th June 2012).
The new set up should enable L&G to deliver investment and financing strategies consistently across its balance sheet while achieving financial risk efficiencies.
Mr Stanworth joined the group in 2008, following a career spanning fund management and investment banking.
Since then he has successfully collaborated with Legal & General Investment Management and is credited with having helped stabilise and de-risk its investment portfolio.
Source:
insurancedaily.co.uk
