BlackRock veteran joins LGIM as COO

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Legal & General Investment Management has appointed ex-BlackRock executive Michael Marks its new chief operating officer.

Marks, who had a 28-year career at BlackRock, will be responsible for strategic change management, investment operations, IT and the data management office.

He will report to chief executive Mark Zinkula, who says Marks will bring “extensive commercial and operational experience” to the business.

Marks, who begins in June, says he looks forward to joining at an exciting time for both the company and the asset management industry.