Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Legal & General's Morrissey steps down amid BoE speculation

Published 10/04/2019, 12:14 PM
© Reuters. FILE PHOTO: Dame Helena Morrissey, Head of Personal Investing Legal & General Investment Management, arrives for a meeting with Prime Minister Theresa May in Downing Street in London
LGEN
-

LONDON (Reuters) - Helena Morrissey, who has reportedly been interviewed for the job of governor of the Bank of England, is leaving her post as head of Legal & General's (L:LGEN) personal investing business, the company said on Friday.

Morrissey, one of Britain's few high-profile female fund managers, who has spoken in favour of Brexit, joined Legal & General Investment Management (LGIM) in May 2017 from fund manager Newton where she was chief executive for 15 years.

"I see a changing Britain and have a lot of ideas and other things that I want to achieve," Morrissey said.

The Mail on Sunday newspaper reported on Sept. 22 that Morrissey was interviewed as part of the process to find a successor to BoE Governor Mark Carney who is due to leave the central bank at the end of January.

Morrissey could not immediately be reached for comment.

A spokesman for Britain's finance ministry said in response to a question asking whether Morrissey had been interviewed, that the process of appointing the next BoE governor was on track and an appointment would be made in due course.Morrissey, who has nine children, set up the 30% Club in 2010, designed to increase the number of women on British company boards and is chair of The Diversity Project, which is pushing for more inclusion in the investment sector.

© Reuters. FILE PHOTO: Dame Helena Morrissey, Head of Personal Investing Legal & General Investment Management, arrives for a meeting with Prime Minister Theresa May in Downing Street in London

Morrissey's role will be taken over by Honor Solomon, LGIM's head of retail for Europe, the Middle East and Africa, and Emma Douglas, head of defined contribution, LGIM chief executive Michelle Scrimgeour said in the statement.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.