LGIMA Appoints New CEO

The LDI provider appointed Aaron Meder, CIO of European parent company LGIM, as head of its American business.

Legal & General Investment Management America (LGIMA) has named Aaron Meder as its new CEO.

Meder, previously head of investment at London-based Legal & General Investment Management (LGIM), originally joined LGIMA in 2010 as head of US pension solutions.

He takes over from John Bender, who had been acting as LGIMA’s interim CEO since the departure of Robert Moore in September.

“Aaron’s strategic vision will help drive the next phase of growth in the US business, as it expands into new markets and further develops its capabilities,” said Mark Zinkula, LGIM CEO.

Anton Eser, currently co-head of LGIM’s global fixed income business, will succeed Meder as CIO. Eser joined LGIM in 2006 and has been “integral” to building its fixed income offering, the asset manager said.

“Anton brings a wealth of leadership and investment experience to the role of CIO,” Zinkula said. “His deep knowledge of our business, clients, and the industry will ensure we are well placed for the increasingly competitive industry in which we operate.”

In CIO’s 2015 LDI Survey, LGIMA earned a score of 4.71 out of 5 for its overall offering, with investors reporting satisfaction with the firm’s responsiveness and accessibility.

Related: Aaron Meder to Head US Pension Solutions for Legal & General