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L&G investment head to retire

Legal & General director of investments David Rough is to resign after 10 years in the post.

Rough, who will leave in June 2002, joined L&G 22 years ago from Royal Insurance. He will be succeeded by L&G managing director (index funds) Tim Breedon.

Rough says: “The next phase of development, which will include boosting our active management team and taking our index capabilities into Europe, requires management committed for, I believe, at least the next five years.”

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