Legal and General IM  

LGIM promotes Eser to CIO amid reshuffle

LGIM promotes Eser to CIO amid reshuffle

Legal & General Investment Management (LGIM) has appointed Anton Eser as chief investment officer (CIO) as part of a broader reshuffle that sees investment head Aaron Meder set to lead the firm's US business despite only serving a year in his current role.

Mr Eser, who is co-head of LGIM's global fixed income business, will succeed Mr Meder when he returns to the US to become chief executive of the asset manager's American division.

The new CIO joined LGIM in 2006 working in the firm's fixed income team and leading its expansion in recent years.

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However, Mr Meder leaves after only a year in his current role. He joined the US business in 2010, relocated to London in 2013 and became head of investments in 2015.

Colin Reedie, currently head of Euro credit, will replace Mr Eser as co-head of global fixed income, joining John Bender, who is also CIO for US fixed income.

LGIM chief executive Mark Zinkula said: "Anton brings a wealth of leadership and investment experience to the role of CIO. His deep knowledge of our business, clients and the industry will ensure we are well placed for the increasingly competitive industry in which we operate.”