L&G investment chief Simon Ellis departs

L&G managing director of investments Simon Ellis is leaving the firm after three years.

Ellis will be replaced by Simon Pistell, who is currently managing director for the RDR programme.

Ellis joined LGIM in October 2009 as managing director of the unit trust business. He joined from the Financial Services Skills Council, where he was also managing director.

He was formerly managing director of Fidelity International multi-manager business, head of UK retail and chief executive of multi-manager at Axa Investment Managers and head of UK retail at Henderson.