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Legal & General IM to boost active range following SLI hire

Standard Life Investments head of overseas and global equities Lance Phillips is to join Legal & General Investment Management to help grow the firm’s active equities range.

He joins as head of active equities in early 2013 and will report to LGIM chief executive officer Mark Zinkula.

LGIM managing director Simon Ellis (pictured) says: “Phillips will come on board and look at what product gaps we have got. We have got ambitions to grow our active equities fund franchise. He’s here with a growth agenda.”

Prior to Standard Life, he was executive director, fund management at UBS Asset Management.

Phillips replaces Mark Burgess who left for Threadneedle in 2010.

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