Legal & General names Gareth Mee as CEO of Institutional Retirement

Core Viewpoint - Legal & General Group plc (L&G) has appointed Gareth Mee as Chief Executive Officer of Institutional Retirement, effective December 1, 2025, succeeding Andrew Kail, who will become Group Chief Financial Officer, pending regulatory approval [1][3]. Group Overview - Institutional Retirement is L&G's largest division, managing a global annuity portfolio valued at approximately £96 billion as of HY25 [3]. - The division aims to execute £50–65 billion in UK pension risk transfer transactions from 2024 to 2028 [3]. Leadership Background - Gareth Mee is currently the Chief Investment Officer for Institutional Retirement and joined L&G in 2022 as Chief Financial Officer of L&G Capital [4]. - Prior to L&G, Mee spent nearly twenty years at EY, leading various investment advisory and actuarial practices [5]. Executive Comments - António Simões, Group CEO, expressed confidence in Mee's leadership to enhance L&G's position in pension risk transfer [6]. - Andrew Kail highlighted Mee's significant impact on L&G's investment strategy and client results [6]. - Mee expressed enthusiasm for his new role and commitment to delivering innovative solutions for pension schemes [6].