Home > Alerts > United Kingdom > Legal & General makes new appointments to Mastertrust Board and IGC
8 April 2020
“Legal & General Investment Management (LGIM) has announced the appointment of three new trustees to the L&G Mastertrust Board and a new member to its Independent Governance Committee (IGC).
Mark Cliff (2020 Trustees), Catherine Redmond (BESTrustees) and Robert Thomas (Law Debenture) joined the Mastertrust Board on 5 April 2020, alongside existing trustees Dermot Courtier, Moira Beckwith and David Butcher. They replace Ali Toutouchni (independent) and Rachel Brougham (BESTrustees), who are stepping down from the Board to focus on their roles as members of the IGC, with Ali also taking on a new role as Independent Chair of L&G Unit Trust Managers; and Steve Carrodus (PTL), who is retiring from the industry.
As a result of Steve Carrodus’ retirement, Mark Ashworth from Law Debenture is also being appointed to the IGC in April. This follows Kim Brown’s appointment as Pension Scheme Director to the Mastertrust and IGC in February of this year; Kim has already started to build out her team to ensure the Board and IGC are well supported.
Launched in 2011, the Legal & General Mastertrust manages £8.8 billion in assets, on behalf of more than a million members and was one of the first Mastertrusts to receive authorisation from the Pensions Regulator (TPR) in 2019.”
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