Legal & General (L&G), the UK-based financial services and asset management company, has announced the appointment of Nigel Drury as its new Asset Management Chief Risk Officer (CRO), subject to regulatory approval.
Drury will be responsible for leading and overseeing risk management across L&G’s Asset Management division. He brings more than 30 years of experience in risk, with a background spanning banking, wealth management and asset management.
He joins from Schroders, where he most recently served as CRO. Earlier in his career, Drury held senior roles at JPMorgan and ABN AMRO/RBS. His experience includes extensive engagement with UK regulators, including the PRA and FCA, as well as significant board-level governance expertise.
Drury is set to begin the role on 18 May. He will report to L&G Group CRO Chris Knight and Eric Adler, CEO of Asset Management. His appointment follows the recent announcement that Emiel van den Heiligenberg will take on the position of Chief Investment Officer for L&G’s Asset Management business.
The addition of Drury strengthens the leadership team within L&G’s Asset Management division and supports closer alignment across governance, risk and financial priorities. The firm aims to reinforce its risk and governance framework as it advances its strategy for long-term global growth, with a continued focus on client outcomes.
Eric Adler, CEO, Asset Management at L&G, said: “Nigel stood out for his breadth of experience and the strength of his track record. We were impressed by his combination of deep technical expertise and people-focused leadership. Nigel will play a crucial role as we deliver of the next phase of our strategy, and I look forward to welcoming him in May.”
Nigel Drury, CRO, Asset Management at L&G, added: “I am very pleased to be joining L&G at such a pivotal moment for the business. As a major global investor, the firm has long set the highest standard for rigorous risk management, which are crucial to delivering for clients. I look forward to working with colleagues across the organisation.”
