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...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...On the same day, L&G chief executive Sir Nigel Wilson decried the “perpetual drift” of companies away from London’s stock market, attributing it in part to a decline in equity holdings among pension funds...
...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....
...Which two-word slogan has been used in presidential campaigns by Woodrow Wilson in 1916, Warren G Harding in 1920 and Donald Trump in 2016?...
...L&G’s retail business was also “bolstered” by rising individual annuity sales....
...Financial Times readers will recognise Apax as one of the UK’s biggest buyout groups, which has taken companies such as Tommy Hilfiger private....
...Under Wilson, it has focused on “inclusive capitalism”, funding long-term assets such as housing developments and infrastructure....
.... — Jamie Santos’ Barossa gas project faces doubts despite legal win G’day from Sydney....
...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....
...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...
...But our US Regime Indicator has remained relevant in capturing factor trends — e.g., Jan to June’s Downturn saw mega caps, Growth and Quality outperform, true to form....
...Her dad was Tommy. Terri and Tommy. Their picture frame blew over in the wind yesterday, she says. She wants you to wheel her to Poundland to buy a new one. Janet is yawning as she speaks to you....
...He and chief executive Sir Nigel Wilson were answering questions on the episode from the House of Lords’ industry and regulatory committee....
...I am here road testing the carmaker’s SUV, G-force pressing me into the passenger seat as former Portuguese racing driver Bruno Correia guides the car through a chicane and into a long straight....
...Ben Wilson Ngassan, spokesman for the G-16 civil society group opposed to the constitutional change, spoke of a “feeling of dread” in CAR over any weakening of the Wagner force, as it would leave the capital...
...This is a city where people talk so much about sport that even the abbreviation “MCG” has been further shortened to just “The G” to save a second or two in millions of conversations....
...E.g. “Great work on X and Y, I’ve been impressed with how you’re progressing....
...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....
...“It’s the additional supply of gilts that’s really spooked markets,” said Jim Leaviss, head of public fixed income at M&G Investments....
...Capgemini’s Wilson expects others to try, with technology in support....
...cuts for the rich, pension funds with these LDI swaps found themselves having to post collateral to cover mark-to-market losses,” said Jim Leaviss, chief investment officer of public fixed income at M&G...
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