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LGIM’s Asia head exits in shakeup; $25b shifted to UK

Joe Marsh
Legal & General Investment Management is transferring management of its assets in Hong Kong to head office in London and waving goodbye to three senior Asia-based executives.
LGIM’s Asia head exits in shakeup; $25b shifted to UK

The UK’s biggest fund house has shaken up its Asia business resulting in the departure of its regional chief and two other executives and the transfer of management for $25 billion of clients' passive equity assets to London from Hong Kong.

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