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L&G set to announce new chief exec

Legal & General is expected to announce that finance director Nigel Wilson will replace Tim Breedon as chief executive, according to Sky News.

A report suggests Wilson could be named as Breedon’s successor this week.

L&G announced last September that Breedon would be stepping down from his role at the end of this year. Breedon joined L&G in 1987 and became group chief executive in January 2006.

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