McGarry was previously Insight Investment head of intermediary sales and prior to that was Cofunds sales director. McGarry will take up his new role in October.
L&G Investments managing director Simon Ellis says: “Hiring Frank is part of our continued drive to grow L&G Investments and broaden our impact in the market. The capital and intellectual assets of our business stand us in extremely good stead to realise our ambition of being a top five unit trust provider in the UK.”
McGarry says: “LGI has some outstanding funds but there are also other offerings that should be better known and new product developments in the pipeline. There is a great opportunity to gather assets across a number of asset classes and I’m looking forward to being part of the continued growth of the business.”