Legal & General Investment Management America announces index team promotions

CHICAGO, Sept. 9, 2015 /PRNewswire/ -- Legal & General Investment Management America, Inc. (LGIMA), a Chicago-based investment advisor specializing in index, fixed income and liability driven investment (LDI) strategies for the US institutional market, today announced two promotions within the Index team.  Chad Rakvin, Head of US Index Funds, has been promoted to Global Head of Index Funds, and Shaun Murphy, Director of Index Funds, has been promoted to Head of US Index Funds.

In his expanded role, Rakvin will oversee the global index business which encompasses the Chicago, London and Hong Kong teams managing over $470 billion of index assets.  Rakvin will report to Aaron Meder, Head of Investment, Legal & General Investment Management (LGIM), and will be based in London. Rakvin joined LGIMA in 2013 from Northern Trust Global Investments, where he was Global Equity Index Director. Since joining LGIMA, he has led the US index fund management business, and has performed a pivotal role in establishing the foundation for growth of this business in the US.

Murphy joined LGIMA in 2013 from Northern Trust Global Investments where he was Head of International Index Equities.  Murphy has worked alongside Rakvin for 11 years, and has helped build LGIMA's index business. He was instrumental in constructing and launching the Legal & General Collective Investment Trust. The LGIMA index team now manages $64 billion in index assets.

The appointments are subject to appropriate approvals.

"We are very excited about these changes for the Global Index team. Our ability to promote these two exemplary individuals shows the depth and strength of the team that we have worked so hard to build" said Robert Moore, CEO of LGIMA. "Chad's leadership and industry expertise has been instrumental in developing and growing LGIMA's index business, and I know Chad will be effective in leading the global index team. Shaun's expertise and enthusiasm for the business will make this a smooth transition as we continue to build the US index business.

"As we continue to grow in international markets, it is key that we have a strong leader with a global vision for our overall index business. I am delighted to appoint Chad to the role. The US is a key focus of growth for us and Shaun will continue to work closely with Chad to ensure that the great momentum of our US business continues. I am excited about the future and the opportunity to work more closely with Chad and Shaun to achieve our goal of a 'best in class' global index business" said Aaron Meder, Head of Investment, LGIM.

For further information, please contact:

Name: Jacquelyn Wilder
Company: RF Binder
Email: [email protected]
Tel: 212 994 7543

Notes to editors:

Notes to editors: Legal & General Investment Management America, Inc. (LGIMA) is a Chicago-based registered investment advisor specializing in index, active fixed income and liability driven investment (LDI) strategies for the US institutional market. LGIMA was founded in 2006 as 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 $770 billion. In May 2014, LGIMA became a wholly owned subsidiary of Legal & General Investment Management US (Holdings) (LGIMUS(H)) which is wholly owned by LGIM(H).

Chad Rakvin, CFA, Head of US Index Funds

Chad joined LGIMA in 2013 as the Head of US Index Funds. He is responsible for developing the US index fund management business.

Prior to joining LGIMA, Chad was the Global Equity Index Director at Northern Trust. His responsibilities included managing a diverse group of investment strategies including US and international large and small cap, emerging markets, global all country and currency overlay. In addition, he oversaw the portfolio management groups in the US, EMEA and Asia Pacific index teams. Prior to Northern Trust, Chad worked at Barclays Global Investors, Dow Jones Indexes and Pennsylvania Financial Advisors.

Chad is a CFA charterholder. He holds a BS in Finance from Indiana University of Pennsylvania.

Shaun Murphy, CFA, Director of Index Funds

Shaun joined LGIMA in 2013 as the Director of Index Funds.

Prior to joining LGIMA, Shaun held various positions at Northern Trust. Most recently he was the Head of International Index Equities, where he was responsible for the management of portfolio management groups in the US, EMEA and Asia Pacific .

He started his career at State Street Global Advisors in London as an Investment Manager.

Shaun is a CFA charterholder. He holds a BA (Honors) in Business Studies from the University of Sunderland.

SOURCE Legal & General Investment Management America, Inc.