Justin Onuekwusi departs LGIM for St Jamess Place
Justin Onuekwusi has left Legal & General Investment Management to join St James’s Place as the wealth management giant’s chief investment officer.Onuekwusi will join his new firm in October, reporting to director of investments Tom Beal.He brings more than two decades experience across investment management, most recently as head of retail investments, EMEA and head of retail multi-asset funds at LGIM.He has also held previous roles with Aviva investors, Merrill Lynch and Aon Consulting.Onuekwusi was awarded the Freedom of the City of London in 2020 for his work promoting and campaigning for diversity in the asset management industry.He is co-founder of the Diversity

<h1>Justin Onuekwusi departs LGIM for St Jamess Place</h1>
<div> Justin Onuekwusi has left Legal & General Investment Management to join St James’s Place as the wealth management giant’s chief investment officer. Onuekwusi will join his new firm in October, reporting to director of investments Tom Beal. He brings more than two decades experience across investment management, most recently as head of retail investments, EMEA and head of retail multi-asset funds at LGIM. He has also held previous roles with Aviva investors, Merrill Lynch and Aon Consulting. Onuekwusi was awarded the Freedom of the City of London in 2020 for his work promoting and campaigning for diversity in the asset management industry. He is co-founder of the Diversity Project and its #TalkAboutBlack campaign and launched the #IAM social media campaign in 2020 alongside BlackRocks Gavin Lewis and Impaxs Darren Johnson in order to break down racial stereotyping and allow black members of the asset management community - and allies - to define their own identities and narratives. Beal said Onuekwusi will lead the development of SJPs "investment proposition, asset allocation approach and selection of our fund managers", working with the firms investment committee and in-house investment team. "He will support the continual evolution of our investment management approach as we pursue our goal to deliver superior investment performance in a safe, responsible and cost-efficient manner, whilst continuing to meet the evolving needs of our partners and clients," he added. In a statement from LGIM, a spokesperson thanked Onuekwusi for his decade at the firm and wished him "every success" in his new role. "We thank him for his contribution to LGIM in terms of his investment leadership and as an advocate and ambassador for diversity and inclusion in the City and beyond," the statement read. "Since early 2022, Justin led the development and external positioning of LGIMs broader investment proposition for advisers and wealth managers, alongside his existing multi-asset role." Following his departure, LGIM CIO Sonja Laud will continue to oversee the wider strategy, while head of multi-asset funds John Roe will increase his focus on multi-index. Andrzej Pioch will take on the role of lead manager for the multi-index range.</div>
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Legal & General Investment Management

LGIM

St. Jamess Place

Justin Onuekwusi departs LGIM for St Jamess Place

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St Jamess Place | Justin Onuekwusi | Chief Investment Officer | EMEA

Legal & General has hired Eric Adler as its asset management chief in charge of an investment portfolio worth more than 1.1 trillion making him one of the most powerful players in the City. Adler, joins as chief executive officer of asset management, from PGIM, Prudential Financials global asset manager, where he is president and chief executive of their $320 billion private alternatives business. The appointment follows L&Gs announcement in June that it would bring together its public and private markets businesses as a unified global asset manager. Adler was previously CEO and global chief investment officer for PGIM real estate, chair of private equity, and head of their European business. Before joining PGIM in 2010, he was co-head of property developer Tishman Speyer Europe. Michelle Scrimgeour, current CEO of Legal and General Investment Management, will step down from her role. L&Gs group CEO António Simões, Group CEO, L&G, said "In June we set out our ambition to deliver sustainable growth, sharper focus and enhanced returns as a simpler, better-connected L&G. Asset Management is the cornerstone of our growth strategy, and highly synergistic with our Institutional Retirement and Retail businesses. "In a competitive global search, Eric stood out for his growth orientation - bringing a track record of building businesses alongside broad investment expertise, deep international experience, and a strong client focus. I am delighted to be welcoming him to the Group. "Eric will join an excellent team that is showing great momentum, and I am confident that this will continue to accelerate under his leadership. Id like to thank Michelle Scrimgeour for driving our asset management strategy and execution over the last five years, establishing the strong foundations and reputation we will now build on in our next phase of growth." Eric Adler sai "L&G combines a strong heritage with an exciting vision for the future. I am looking forward to maximising the role of Asset Management in driving the Groups ambitions, achieving profitable growth and mobilising the power of investment to drive economic opportunity and positive social impact. "Bringing together scale, global distribution, and expertise across public and private markets and asset classes, L&G is well placed to address the full breadth of client needs, including the increasing demand for responsible, blended investment solutions. The potential is significant, and I cant wait to get started with AntÃ³nio and the team."

Eric Adler Becomes Legal & General Asset Management CEO, Overseeing £1.1T Portfolio

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Leadership

Chief Executive Officer (CEO)

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Eric is the President and Chief Executive Officer at PGIM Private Alternatives, a position he has held since October 2023. Prior to this, he served as President and Chief Executive Officer, Chief Investment Officer, and Head of Europe at PGIM Real Estate from July 2010 to October 2023. He joined Tishman Speyer in May 2005 as Head of European Acquisitions and Asset Strategy and became a Senior Managing Director and Co-Head of Europe in April 2008. From May 2000 to February 2005, he worked at Morgan Stanley, where he held roles including Head of the German Real Estate Investing Business, Head of Southern European Investing (covering France, Spain, and Italy), and Deal Leader for Europe. Before that, he was Vice President and Head of Corporate Development at Unibail-Rodamco-Westfield from September 1996 to February 2000. Eric began his career as a Relationship Manager at Credit Lyonnais from July 1993 to September 1996.

He completed his studies at HEC Paris and the University of Arizona.

Legal & Generals asset management business has made four new hires in Asia. Legal & General Asset Management has made four new hires in its Singapore office in a push to grow its wealth business in the Asia region. Russell Huang has been appointed as head of wholesale distribution for southeast Asia and Aaron Kwan has been named as head of wholesale distribution for greater China. Huang, a 15-year industry veteran, joined the firm from UBS, where he was executive director advising regional clients on portfolio asset allocation and managed solutions. Kwan joined from HSBC asset management where he spent 16 years, most recently as director of retail distribution. Both Huang and Kwan will be reporting to Gerald Koh, head of wholesale for Asia (ex-Japan), based in Singapore. The firm also hired Choong Yew Thong as a research analyst in its Singapore office for its credit research team. He was most recently a quantitative analyst at Singapores sovereign wealth fund GIC and will be tasked with deepening its regional investment research coverage. Kate Lim was also hired as an ESG analyst to support the firms regional stewardship and investment engagement activities, reporting to Trista Chen, head of investment stewardship for Asia ex-Japan. Natasha Mora, managing director for Asia said: "These four appointments reflect our continued expansion and long-term business commitment to the region, which presents tremendous growth opportunities for our firm." "These additions to our experienced team support us in deepening our capabilities to deliver for our growing client base."

Legal & General Expands Asia Team With Four New Hires

Operations

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Head of Wholesale Distribution, Greater China

Vice President (VP)

Aaron is currently the Head of Wholesale Distribution, Greater China at Legal & General Investment Management (LGIM) since August 2024. Prior to this, he held various roles at HSBC from January 2008 to September 2024, including Director of Retail Wholesale Distribution, Director of Head of Partnerships in Retail Distribution, Head of Partnerships in Retail Distribution for the Wholesale Business, Senior Manager in CMB Distribution, Senior Manager in Retail Distribution, Investment Sales Manager, Premier Relationship Manager, Account Manager in Retail Banking, and Management Trainee.

He earned a Master of Business Administration (MBA) in Investment from the University of Toronto - Rotman School of Management (Sep 2013 - Jun 2016) and studied Science Psychology at the University of Alberta.

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Research & Development

Research Analyst

Yew is currently a Research Analyst at Legal & General Investment Management (LGIM), a position he has held since August 2024. Prior to this role, he served as a Quantitative Strategist at GIC from November 2022 to August 2024. His experience includes working at NN Investment Partners as a Trader/Analyst starting in December 2016, where he was later promoted to Credit Analyst before leaving in November 2022. Before that, he spent 3.5 years as an Associate in Fixed Income Trading at The Toronto-Dominion Bank from June 2013 to November 2016. Yew also gained experience as a Research Intern at NSL Ltd (Singapore) from December 2010 to March 2011. Additionally, he interned at Dulwich College Management between May 2010 and July 2010. Yew holds a Master of Liberal Arts (ALM) in Extension Studies, Data Science from Harvard Extension School (2020 - 2024) and a Bachelor of Engineering (B.Eng.) in Chemical Engineering from the National University of Singapore (2008 - 2013).

St Jamess Place | Justin Onuekwusi | Chief Investment Officer | EMEA

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