Legal & General (L&G) has today announced the appointment of Andrew Kail as Chief Executive Officer (CEO) of Legal & General Retirement Institutional, the group’s pension risk transfer (PRT) arm, effective January 1st, 2022.
Kail takes over as CEO of the division from Laura Mason, who has transitioned to CEO of Legal & General Capital after successfully leading the business since January 2018.
After spending three decades with PwC in numerous roles, Kail joined Legal & General Retail Retirement in 2021.
During his tenure with PwC, he served as Head of Financial Services, a role in which he led the company’s 6,000 strong team in asset and wealth management, banking, insurance, and real estate. Earlier in his career, he worked in PwC’s audit, strategy, regulation, and technology units.
Commenting on his new role, Kail said: “It is a great privilege to lead such a successful global team in the Pension Risk Transfer (PRT) markets.
“There are still significant opportunities for Legal & General to help pension schemes de-risk, in the UK and internationally, through collaboration, innovation and drawing on the strength of the Legal & General Group.
“We provide additional security and world class customer service to scheme members while investing their savings in their communities and their environment, levelling up local economies.”