UK-based financial services and asset management company Legal & General (L&G) has announced the appointment of Nigel Drury as its new chief risk officer (CRO) for asset management, subject to regulatory approval.
Drury will be responsible for leading and overseeing risk management within L&G Asset Management. He has over 30 years of risk experience with a background in banking, wealth management and asset management.
He joins Schroders where he served as chief risk officer. Earlier in his career, Drury held senior roles at JPMorgan Chase and ABN Amro/Royal Bank of Scotland. His experience includes extensive engagement with UK regulators, including the PRA and FCA, as well as significant board-level governance expertise.
Drury will take office on May 18. He will report to L&G Group Chief Risk Officer Chris Knight and Asset Management CEO Eric Adler. It was recently announced that Emiel van den Heiligenberg will serve as Chief Investment Officer of L&G Asset Management.
Drury’s addition strengthens L&G Asset Management’s leadership team and supports closer alignment between governance, risk and financial priorities. The company aims to strengthen its risk and governance framework, advance its global long-term growth strategy and maintain its focus on client outcomes.
Eric Adler, CEO of L&G Asset Management, said: “Nigel stood out for his deep experience and strong track record. We have been impressed by his deep technical expertise and people-focused leadership. Nigel will play a key role as we deliver the next phase of our strategy and I look forward to welcoming him in May.”
Nigel Drury, chief risk officer at L&G Asset Management, added: “I’m delighted to be joining L&G at such a critical time for the business. As a major global investor, the firm has long set the highest standards in rigorous risk management, which is critical to serving clients. I look forward to working with colleagues across the organization.”