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Nigel Wilson
CEO, Legal & General Group
Age:
Years as a CEO:
Tenure: 0
Industry: Finance
CEO DOSSIER
Continuing the fight back: Nigel Wilson joined L&G as CFO in the depths of the financial crisis in 2009. Can the former consultant continue to grow the business and outperform the FTSE100 in choppy waters?
early years
Editor’s note: at the time of writing, Nigel Wilson had been in role for 1 month.
Before Legal & General, Nigel worked as a consultant at McKinsey & Co where his clients included BP, Citibank, Cadbury's, Santander, Kingfisher, Courtaulds, Whitbread and Globe Investment Trust. He held the role of Managing Director at Stanhope Properties, Head of Corporate Finance and Group Commercial Director at Dixons Group and Chief Executive, Corporate at Guinness Peat Aviation.
In 1996 he became Group Finance Director of Viridian Group, the Irish energy firm, helping to build the company’s Viridian Capital portfolio. This work saw him given the role of Managing Director of Viridian Capital in 2000.
In 2001 he became Chief Financial Officer and Deputy Chief Executive of United Business Media, the exhibitions and trade magazines group.
Nigel joined Legal & General as Group Financial Officer in 2009 and played a leading role in charting the the insurance company through the financial crisis. He succeeded Tim Breedon as Group Chief Executive on June 30 2012.
Before Legal & General, Nigel worked as a consultant at McKinsey & Co where his clients included BP, Citibank, Cadbury's, Santander, Kingfisher, Courtaulds, Whitbread and Globe Investment Trust. He held the role of Managing Director at Stanhope Properties, Head of Corporate Finance and Group Commercial Director at Dixons Group and Chief Executive, Corporate at Guinness Peat Aviation.
In 1996 he became Group Finance Director of Viridian Group, the Irish energy firm, helping to build the company’s Viridian Capital portfolio. This work saw him given the role of Managing Director of Viridian Capital in 2000.
In 2001 he became Chief Financial Officer and Deputy Chief Executive of United Business Media, the exhibitions and trade magazines group.
Nigel joined Legal & General as Group Financial Officer in 2009 and played a leading role in charting the the insurance company through the financial crisis. He succeeded Tim Breedon as Group Chief Executive on June 30 2012.
As ceo
Nigel Wilson was promoted to the top job at insurance group Legal and General from his role as Chief Financial Officer. New to the role of CEO, the Financial Times reports that some analysts believe Nigel could be more likely to pursue acquisitions than his predecessor, who proved wary of big insurance deals.Nigel has a PhD from the Massachusetts Institute of Technology where he was a Kennedy Scholar.
Latest News
Nigel said: “I am honoured by the board's confidence in me and excited by the challenges ahead as I take up the reins from Tim. Tim's stewardship has left the group in a great position to take advantage of the opportunities ahead of us.
"It has been a privilege to work alongside Tim for the last three years. Together, we will ensure a seamless transition to enable the group to capitalise on its strong positions."
"It has been a privilege to work alongside Tim for the last three years. Together, we will ensure a seamless transition to enable the group to capitalise on its strong positions."
Away from work
Nigel is married with five daughters. He is the current 800m British Masters Athletics Champion. Nigel was appointed as Senior Independent Director (SID) of The Capita Group plc in 2010 and was SID/Chairman of Halfords Group Plc until 31 March 2011.
Colleagues, Friends & Analysts' report
John Stewart, L&G’S chairman, said: “Nigel will bring an evolutionary approach to the execution of the next stage of the group’s strategy, and provide continued focus on delivering for our customers, business partners and shareholders.
Barrie Cornes, analyst at Panmure, said of Nigel’s appointment as CEO: “We think that this is a great appointment for L&G, given Mr Wilson’s impressive performance since becoming finance director in September 2009, when he identified cash as being a key driver for valuation of L&G which has now been copied across the sector. He is also known as much for his desire to simplify the business as his tight financial control.”
Barrie Cornes, analyst at Panmure, said of Nigel’s appointment as CEO: “We think that this is a great appointment for L&G, given Mr Wilson’s impressive performance since becoming finance director in September 2009, when he identified cash as being a key driver for valuation of L&G which has now been copied across the sector. He is also known as much for his desire to simplify the business as his tight financial control.”
Date Written
10-01-2013Sources
Financial Times, Investis, Telegraph, Post Online, Legal and General
Financial Times, Investis, Telegraph, Post Online, Legal and General
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Latest News
Nigel D. Wilson
Dr. Nigel D. Wilson serves as Group Chief Executive at Legal & General Finance Plc. Dr. Wilson has been the Group Chief Executive of Legal & General Group Plc since June 30, 2012. Dr. Wilson served as Group Chief Financial Officer of Legal & General Group ... read more...
2015-02-09 23:56:19
L&G to manage £15bn fund for regional cities
INSURANCE provider Legal & General Group (L&G ... which has been set up as a co-investment vehicle. The company’s chief executive Nigel Wilson said “We are well-positioned to work alongside UK and international money to channel funds into regeneration ... read more...
2015-01-28 01:59:07
Legal & General Launches GBP15 Billion UK Regeneration Project Vehicle
LONDON (Alliance News) - Legal & General Group PLC Tuesday said it is launching a GBP15 billion ... channel funds into regeneration that delivers growth, homes and jobs," Nigel Wilson, chief executive, said in a statement. Legal & General shares were ... read more...
2015-01-27 11:04:20
Legal & General Launches GBP15 Billion UK Regeneration Project Vehicle
LONDON (Alliance News) - Legal & General Group PLC Tuesday said it is launching a GBP15 billion ... channel funds into regeneration that delivers growth, homes and jobs," Nigel Wilson, chief executive, said in a statement. Legal & General shares were ... read more...
2015-01-27 10:57:10
L&G acquisitions director exits
Legal & General group chief executive Nigel Wilson says Downing has played a significant role in the company’s transformation during his five years with the group. “He has always demonstrated a great deal of passion, integrity, commercial acumen and ... read more...
2014-12-23 12:14:28
L&G acquisitions director exits
Legal & General group chief executive Nigel Wilson says Downing has played a significant role in the company’s transformation during his five years with the group. “He has always demonstrated a great deal of passion, integrity, commercial acumen and ... read more...
2014-12-23 12:14:28
Legal and General strategy director steps down
Legal & General Group chief executive Nigel Wilson (pictured) said "In his five years here, Wadham has played a significant role in contributing to Legal and General's financial success and transformation. He has always demonstrated a great deal of ... read more...
2014-12-23 11:31:31
L&G acquisitions director exits
Legal & General group chief executive Nigel Wilson says Downing has played a significant role in the company’s transformation during his five years with the group. “He has always demonstrated a great deal of passion, integrity, commercial acumen and ... read more...
2014-12-23 10:19:56
Cambridge company, Bactest, wins nationwide title as SME of the Year
Speakers included Sir Martin Sorrell, chief executive of WPP; Nigel Wilson, chief executive of Legal & General Group; Sir Charlie Mayfield, chairman of the John Lewis Partnership; Tim Steiner, chief executive of Ocado; Kathryn Parsons, founder and co-CEO ... read more...
2014-11-11 16:53:21
Telegraph Festival of Business 2014 Live
09.15 Nigel Wilson, chief executive of Legal & General Group on the changing face of the UK 07.40 Good morning and welcome to our live coverage of the Telegraph's Festival of Business, our annual event for ambitious medium-sized and smaller companies. read more...
2014-11-11 07:56:28
L&G Ramps Up Corporate Pensions as Single Annuities Drop
Legal & General Group Plc (LGEN)’s shares gained in London trading ... rules that pushed Britain’s retirees to buy an annuity. Chief Executive Officer Nigel Wilson has said the bulk annuity business, where the insurer assumes pension liabilities ... read more...
2014-11-04 18:13:14
L&G ramps up corporate pensions as individual annuities slump
(Bloomberg) -- Legal & General Group Plc’s shares gained in London trading ... rules that pushed Britain’s retirees to buy an annuity. Chief Executive Officer Nigel Wilson has said the bulk annuity business, where the insurer assumes pension ... read more...
2014-11-04 14:17:00
UPDATE Legal & General Reports Jump In Net Cash Generation
LONDON (Alliance News) - Legal & General Group PLC Tuesday reported a jump in net cash generation ... customers and net cash and are continuing to deliver strong return on equity," Chief Executive Nigel Wilson said in a statement. Along with the rest ... read more...
2014-11-04 11:46:41
LGIM's asset flows halve as index investors flee
Legal & General group chief executive Nigel Wilson says “International assets now exceed £86bn and have trebled in the last four years. “We experienced net outflows in our UK index business, these were more than offset by strong demand for our market ... read more...
2014-11-04 10:13:37
Wilson Says Retirees to Choose Cash Over Annuities
Nov. 4 (Bloomberg) -- Nigel Wilson, chief executive officer at Legal & General Group Plc, says retirees "are going to take a lot of cash," instead of annuities, and the company will deliver cash plans to customers in April 2015. He speaks to Anna Edwards ... read more...
2014-11-04 07:57:37
Legal & General Reports Jump In Net Cash Generation
LONDON (Alliance News) - Legal & General Group PLC Tuesday reported a jump in net cash generation ... customers and net cash and are continuing to deliver strong return on equity," Chief Executive Nigel Wilson said in a statement. Legal & General said ... read more...
2014-11-04 07:28:59
Legal & General 9-Month Net Cash Generation Up 12%
LONDON (dpa-AFX) - UK-based insurer and pension fund manager Legal & General Group Plc ... increased total annuity transactions to 5.8 billion pounds. Looking ahead, Nigel Wilson, Group Chief Executive, said, "We remain confident in our ability to ... read more...
2014-11-04 07:00:21
DIRECTOR DEALINGS Legal & General Executives Buy Shares
LONDON (Alliance News) - Legal & General Group PLC said Friday that a group of executives, including Chief Executive Nigel Wilson, bought shares at 228.7 pence each through the company's dividend reinvestment plan. read more...
2014-10-03 16:59:23
Staff at Legal & General in Lower Kingswood take a step in the right direction with new fitness drive
Legal & General group chief executive Nigel Wilson said "This is a disarmingly simple but powerful initiative that encourages exercise as well as reducing carbon emissions. "We strive to be one of Britain's healthiest companies and with the launch of this ... read more...
2014-10-01 06:31:49
Pollock to step down as L&G protection chief next year
Legal & General group chief executive Nigel Wilson says “It has been a privilege to work with John, who has been instrumental in making Legal & General the successful company it is today. “He has ensured we have the right values and culture to back up ... read more...
2014-09-23 23:37:47
Pollock to step down as L&G protection chief next year
Legal & General group chief executive Nigel Wilson says “It has been a privilege to work with John, who has been instrumental in making Legal & General the successful company it is today. “He has ensured we have the right values and culture to back up ... read more...
2014-09-23 23:37:47
UPDATE UK Financial Services Firms See Changes Despite Scottish "No"
Writing his weekly blog, Legal & General Group PLC Chief Executive Nigel Wilson said the biggest point about the Scottish vote is that the UK is moving closer to a more devolved, localist agenda under a loose, effectively federal, structure. "I believe ... read more...
2014-09-19 12:22:30
UPDATE UK Financial Services Firms See Changes Despite Scottish "No"
Writing his weekly blog, Legal & General Group PLC Chief Executive Nigel Wilson said the biggest point about the Scottish vote is that the UK is moving closer to a more devolved, localist agenda under a loose, effectively federal, structure. "I believe ... read more...
2014-09-19 11:53:52
L&G protection and savings chief John Pollock to retire
Legal & General group chief executive Nigel Wilson says “It has been a privilege to work with John, who has been instrumental in making Legal & General the successful company it is today. “He has ensured we have the right values and culture to back up ... read more...
2014-09-16 09:48:34
L&G divisional CEO to retire at next AGM
Legal & General Group executive director John Pollock ... to facilitate a smooth and orderly transition and he will be working closely with group CEO Nigel Wilson to effect this. A further announcement will be made in due course. Pollock joined Legal ... read more...
2014-09-16 09:19:56
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Financials
Business summary
Employees: 8,000
Legal & General Group Plc provides risk, savings, and investment management products in the United Kingdom, the United States, France, the Netherlands, and internationally. The companys Risk segment offers individual and group protection, individual and bulk purchase annuities, and longevity and general insurance products. This segment also involves in estate agency and the housing related business conducted through its regulated mortgage network. The companys Savings segment provides non profit investment bonds; non profit pensions, including SIPPs; individual savings accounts; retail unit trusts; retail platform; structured products; and various with-profit products. Legal & General Groups Investment Management segment is involved in the institutional fund management business comprising index funds, fixed income funds, risk management solutions, and property related products, as well as private equity. The company also offers term assurance, wealth management, and unit-linked savings products. Legal & General Group Plc was founded in 1836 and is based in London, the United Kingdom.
Data supplied by Yahoo! Finance.
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