Legal & General has announced a number of key leadership appointments, including Carl Moxley’s as Group Climate Director, who will be taking over the role from Simon Gadd.
According to the announcement, Gadd is moving into an advisory role to provide support and counsel across the Group. Nimol Rajkumar will replace Moxley as Chief Financial Officer (CFO) of Legal & General Retirement Institutional (LGRI).
Additionally, Sally Clayton will take over from Rajkumar as Chief Risk Officer (CRO) for Legal & General Retail.
In his new role, Moxley will be responsible for leading and executing L&G’s climate strategy (including nature and biodiversity), approach, targets, reporting and governance across the Group.
He will also drive the coordination of the Group wide development of investment and societal opportunities that the journey to net zero generates.
Moxley joined the company in 2017 as CRO of Legal & General Retirement and most recently served as CFO of LGRI over the last four and a half years. During this time he oversaw the rapid growth in the Global PRT business as well as the implementation of IFRS 17.
Commenting on his appointment, he said: “Climate change is a systemic issue impacting us all and is increasingly influencing both the economies and societies across the world. It is exciting to have an opportunity to be able to lead and work across the wider business to position us most effectively to execute our climate strategy and deliver our transition plan for society and our shareholders.”
Rajkumar has been with Legal & General for almost a decade, having joined the company in 2013. Since then, he has held several senior risk roles, most recently as CRO for the Retail division.
In his new role as LGRI CFO, Rajkumar will set the strategic financial plan of LGRI, including all effective controls, policy, and governance, to align with the wider Group’s objectives. This will include oversight of LGRI’s finance teams in the UK, US and Bermuda.
Prior to her new role as CRO for Legal & General Retail, Clayton was CRO for Legal & General Home Finance, as well as Legal & General Retail Conduct Risk and Compliance Director, and interim CRO for UK Protection.
She has worked in financial services for almost three decades and joined Legal & General in 2011, having worked for firms including Friends Provident, Skandia Life and AXA Wealth.
Bernie Hickman, CEO, Legal & General Retail, said “Sally will be an excellent addition to the Legal & General Retail executive team, bringing a wealth of experience from her previous roles, helping us strengthen our offering. In an ever-changing regulatory and technological environment, her expertise will provide vital support to the Retail division.”
Andrew Kail, Chief Executive Officer, Legal & General Retirement Institutional, commented: “I’m delighted to welcome Nimol as our Chief Financial Officer. His extensive experience ideally positions him to drive the division’s strong financial performance during this growth period in our market.
“I’d also like to thank Carl and congratulate him on his new role as Group Climate Director. His strong track record of strategic delivery makes me confident he will successfully lead our climate strategy, seizing opportunities on our path to net zero.”
