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...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...Harbour chief executive Linda Cook told the Financial Times that the transaction would “more than double” the size of the company, diversify the business geographically and significantly increase Harbour...
...As L&G takes on liabilities, it creates assets to back them. Homebuilding has been a key aspect of Wilson’s tenure. L&G had acquired or built almost 1,000 affordable homes by the end of 2022....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
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...The review’s chief executive, Denise Wilson, says this suggests the glass cliff problem might have receded, up to a point....
...The S&L crisis was triggered by a real estate crash that toppled the already troubled savings and loans association....
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...Under Wilson, it has focused on “inclusive capitalism”, funding long-term assets such as housing developments and infrastructure....
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...L&G’s latest Rebuilding Britain Index has found that attempts to “level up” UK regions are failing or stalling and that, in many cases, inequalities have widened....
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...“This is just psychologically very reassuring to the industry,” said Theodore Paradise, a partner at the K&L Gates law firm, adding that the contracts will go a “long way to encouraging the sector and sending...
...The scoreline “love” is believed to come from the French word l’oeuf for egg, which resembles a zero....
...Wilson cited efforts by L&G to help 600 start-ups in its portfolio to expand. “We want to scale up a lot of those and we want those to be FTSE constituents in years ahead,” he said....
...L&G said the process to find a successor could take about a year, noting that Wilson will continue as chief executive until a replacement is found....
...Sir Nigel Wilson, chief executive of L&G, said that meeting the UK’s housing needs required “national and local collaboration coupled with modernisation of planning and construction, improvements to funding...
...They first worked together on the packaging for the vegetarian and vegan line Linda McCartney Foods, which their mother had launched in 1991....
...He and chief executive Sir Nigel Wilson were answering questions on the episode from the House of Lords’ industry and regulatory committee....
...Sir Nigel Wilson, L&G’s chief executive, said the speed of the bond sell-off had “caught us all by surprise”....
...“Our businesses are resilient, and we are on track to deliver good growth in key financial metrics for full-year 2022,” said chief executive Nigel Wilson....
...Market firsts WINNER: Wilson Sonsini Goodrich & RosatiOriginality: 9; Leadership: 8; Impact: 8; Total: 25The firm is one of the founding members of the Open Cap Table Coalition, which set out to create...
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