Legal & General Names Antonio Simoes as New CEO
By Joe Hoppe
Legal & General on Thursday named Antonio Simoes as its incoming chief executive officer, and said it expects him to formally take over the role on the first day of 2024.
The FTSE 100-listed insurance company said Simoes will join from Banco Santander, where he has been regional head of Europe since September 2020, leading the bank's businesses in the U.K., Spain, Portugal and Poland. Prior to Santander, Simoes spent 13 years at HSBC, including as CEO of U.K. and Europe, and latterly CEO of Global Private Banking.
Departing CEO Nigel Wilson had announced his decision to retire in January. Wilson will remain as CEO until Simoes takes over, and will work closely with Simoes to ensure a comprehensive handover and smooth transition, Legal & General said.
"[Simoes] brings a formidable leadership track record at the most senior level of financial services, working across complex, global organizations," Chair John Kingman said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 15, 2023 02:27 ET (06:27 GMT)
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