LGIM hires head of wholesale and retail distribution for Europe

News Team, 30/07/2021

Legal & General Investment Management (LGIM) has appointed Steven de Vries as its new head of wholesale and retail distribution, EMEA.

In his new role, he will lead the firm’s wholesale and retail efforts in Europe. Mr de Vries will be responsible for driving LGIM’s growth plans in the region by managing the firm’s mutual fund and ETF distribution in core European markets, such as Germany, Italy and Switzerland.

He will leverage his wealth of experience working closely with a range of European wealth managers, private banks, and other wholesale and intermediary clients.

The new hire replaces Simon Hynes who retired earlier this year after establishing the foundations for LGIM’s wholesale and retail business in a number of core European markets.

Mr de Vries will report into Honor Solomon, head of retail, EMEA. He will largely be based in LGIM’s Amsterdam office, while regularly visiting LGIM’s European offices in London, Frankfurt and Milan.

Most recently, Mr de Vries acted as an independent consultant, advising boutique asset managers on European distribution.

He has 25 years of experience in the asset management industry, and previously worked for Janus Henderson Investors as managing director, global financial institutions (GFIs), where he was responsible for developing and implementing the strategy for GFIs and key accounts from 2017 to 2020

Before the company’s merger, he held senior roles at Henderson Global Investors from 2001 to 2017, including the position of head of sales for continental Europe for six years.

Commenting on the appointment, Ms Solomon said: “LGIM is particularly well positioned to take advantage of the growth opportunities in Europe and beyond, thanks to ongoing pressures on fees, higher cost local competitors and our well-established distribution infrastructure in continental Europe. I am therefore delighted that Steven has decided to join LGIM at such an exciting time for the growth of the business. I look forward to working with him and leveraging both his insight and expertise from a so far stellar career in the region.”

LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.28 trillion.

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