LGIMA Appoints New Head of US Solutions
CHICAGO, July 23, 2013 /PRNewswire/ -- Legal & General Investment Management America, Inc. (LGIMA), a Chicago based registered investment advisor with more than $32 billion in assets under management, specializing in fixed income and liability driven investment (LDI) strategies for the United States pension market, today announced that Jodan H. Ledford has joined the company as head of US solutions. Ledford will report to Aaron Meder, global head of solutions group.
Ledford joins LGIMA from UBS Global Asset Management where he was an executive director within the global investment solutions group. At UBS, Ledford was the business head of asset liability investment solutions, which has more than $18 billion under advisory. His responsibilities included product development and implementation of investment and risk management solutions for large institutional clients, including defined benefit pension plans. Additionally, he led the development of the middle markets initiative within UBS, focusing on a full suite of solutions for mid-sized U.S. corporate pension plans.
"We are extremely excited to welcome Jodan to the LGIMA team. Our business in the US continues to grow, and Jodan has the experience and vision to lead the group," said Mike Craston, CEO of LGIMA. "We look forward to working with him as corporate pensions continue to focus on reducing the volatility of their pension funds and mitigating the funding gaps that exist."
Prior to his work at UBS, Ledford was an associate in J.P. Morgan's investment banking division's pension advisory group where he developed, marketed and implemented risk management strategies for companies with large pensions and other post-retirement benefit exposures. He began his career as an actuarial analyst at Watson Wyatt Worldwide.
Ledford is a graduate of The University of Miami School of Business with a Master of Science in Applied Statistics and completed his undergraduate degree at Emory University with a Bachelor of Arts in Mathematics.
"LGIMA is well positioned to build on our progress in the US because we have such an extraordinary team," Aaron Meder commented. "Jodan shares our commitment to service and delivering solutions our clients need. We are looking forward to working with him in his new role."
For further information, please contact:
Name: Jeffrey Zack
Title: RF Binder
Email: [email protected]
Tel: 212 994 7504
Notes to editors: Legal & General Investment Management America, Inc. (LGIMA) is a Chicago-based registered 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 Ltd. and LGIM International Ltd. Legal & General's worldwide assets under management are approximately $600 billion.
SOURCE Legal & General Investment Management America, Inc.
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