CHICAGO, May 9, 2017 /PRNewswire/ -- Legal & General Investment Management America, Inc. (LGIMA) announced today that Kathleen Gallagher has been appointed to the Board of Directors, effective May 1. Ms. Gallagher is the former Chief Investment Officer - Benefit Plans for Ford Motor Company, one of the world's largest automakers.
Ms. Gallagher recently retired after 31 years at Ford. In her last role as CIO - Benefit Plans from 2007 to 2016, Kathleen had investment responsibility for approximately $66 billion in global defined benefit assets which included the $41 billion U.S. pension fund, the sixth largest corporate DB plan in the U.S.
"We are very excited that Kathleen is joining the Board. Kathleen is highly respected across the industry, known as one of the more forward-looking CIOs," said Aaron Meder, CEO of LGIMA. "She brings to the Board strong financial services experience from her long career at Ford, where the retirement plans represent one of the largest global pools of institutional assets. We look forward to having Kathleen on the Board and leveraging her insights and expertise as we continue to focus on delivering market-leading solutions and investment excellence to our clients."
Ms. Gallagher was a key architect of Ford's pension de-risking strategy, which provided retirement security for Ford's nearly half million pension participants while strengthening the balance sheet and risk profile of the company. In addition to her defined benefit responsibilities, Ms. Gallagher also had investment responsibilities for $14 billion in U.S. Defined Contribution assets. Collectively, her oversight encompassed more than 68 DB and 65 DC plans across more than 32 countries where Ford does business. Before assuming her former CIO - Benefit Plans position, Ms. Gallagher served in Ford's Michigan and Melbourne, Australia offices as Global Risk Management Director, Finance VP for Ford Australia and Controller for North American Engine Operations.
Ms. Gallagher holds a Master of Business Administration from Harvard University Graduate School of Business, and a Bachelor of Arts in Economics, with high distinction, from the University of Virginia.
For more information, please visit http://www.lgima.com/.
Name: Audrey Belloff
Company: RF Binder
Tel: 212 994 7547
ABOUT LGIMA: Legal & General Investment Management America, Inc. (LGIMA) is a Chicago-based registered investment advisor specializing in designing and managing investment solutions across active fixed income, index strategies, multi-asset and liability driven investment (LDI) for the US institutional market. With over $148 billion in assets under management as of March 31, 2017, LGIMA is a wholly-owned subsidiary of Legal & General Investment Management (Holdings) Ltd. (LGIM(H)), which also owns its affiliates Legal & General Investment Management Ltd. and LGIM International Ltd. Legal & General's worldwide assets under management are approximately $1.1 trillion as of December 31, 2016. In May 2014, LGIMA became a wholly-owned subsidiary of Legal & General Investment Management US (Holdings), Inc. (LGIMUS(H)) which is wholly owned by LGIM(H).
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SOURCE Legal & General Investment Management America, Inc.