Legal & General has made its head of structured solutions James Harrington redundant after conducting a review of structured product sales.
Harrington’s responsibilities will be absorbed by the rest of L&G’s structured products team. He has worked for L&G in a number of roles for the past 15 years.
His responsibilities will largely fall to head of product development for structured products David Beard and product director Mike Carpenter.
A spokesman for L&G says: “We have looked at our structured product sales over the last year and as a result of a decline in sales we have had to review our sales support structure. James Harrington’s role has been made redundant.”