CHICAGO, Jan. 28, 2013 /PRNewswire/ -- Legal & General Investment Management America, Inc. (LGIMA), a leading investment advisor specializing in fixed income and liability driven investment (LDI) strategies for the US institutional market, today announced that Aaron Meder, Head of US Pension Solutions, has been promoted to Global Head of Solutions. In his expanded role, Meder will continue to oversee the US LDI business.
Meder succeeds Kerrigan Procter, who has been promoted to Managing Director, Annuities, Legal & General.
"Aaron's leadership and expertise have been instrumental in growing LGIMA's Solutions business, and he has played a pivotal role in the success of the US LDI business," said Mike Craston, CEO of LGIMA. "With his wealth of experience, I know Aaron will be successful in leading the global business. Our investment in our US team over recent years has enabled us to create a well-resourced team with experienced LDI professionals. I am confident that Aaron's promotion will further enhance the level of solutions and client service that our clients expect and deserve."
In his new role, Meder will report to Mark Zinkula, CEO of LGIM. Meder joined LGIMA in 2010 as Head of US Pension Solutions, responsible for construction and management of custom investment solutions, including LDI, for US pension clients. Prior to joining LGIMA, he was a Managing Director and Head of Asset-Liability Investment Solutions, Americas for UBS Global Asset Management. Previously, Meder held roles with Towers Perrin and Watson Wyatt Worldwide. Meder is a CFA charterholder, FSA and EA. He holds a BS in actuarial science from the University of Illinois and an MBA from J.L. Kellogg Graduate School of Management.
Craston concluded: "We have been witnessing a significant shift in the way that companies approach managing their pension fund assets and liabilities. In the UK, Europe and the US, many organizations have started down the path to de-risk their portfolios. We believe that this trend will continue to accelerate. Aaron's appointment underscores the work done to make LGIMA a leader in US LDI solutions and will help us further the global integration of the US and UK LDI businesses."
For further information, please contact:
Name: Jeffrey Zack
Tel: 212 994 7504
Notes to editors:
Legal & General Investment Management America, Inc. (LGIMA) is a Chicago-based investment advisor specializing in fixed income and liability driven investment (LDI) strategies for the US institutional market. LGIMA was founded in 2006 and is a wholly-owned subsidiary of Legal & General Investment Management (Holdings) Ltd., which also owns its affiliates Legal & General Investment Management and LGIM International Ltd. Legal & General's worldwide assets under management are approximately $600 billion.
SOURCE Legal & General Investment Management America, Inc.