28th Jun 2016 06:16
LONDON (Alliance News) - Life insurer and investment manager Legal & General Group PLC on Monday said it has appointed Whitehall veteran John Kingman as its new chairman.
Kingman's appointment has been approved by UK financial industry regulators the Prudential Regulation Authority and Financial Conduct Authority, L&G said.
He will take over from Rudy Markham, who has been interim chairman since John Stewart stepped down on June 1.
Kingman is the former Second Permanent Secretary of HM Treasury and is the former chief executive of UK Financial Investments, the body managing the UK government's stakes in Royal Bank of Scotland Group PLC and Lloyds Banking Group PLC.
By Sam Unsted; [email protected]; @SamUAtAlliance
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