Legal & General Names Antonio Simoes as New CEO
June 15 2023 - 2:42AM
Dow Jones News
By Joe Hoppe
Legal & General on Thursday named Antonio Simoes as its
incoming chief executive officer, and said it expects him to
formally take over the role on the first day of 2024.
The FTSE 100-listed insurance company said Simoes will join from
Banco Santander, where he has been regional head of Europe since
September 2020, leading the bank's businesses in the U.K., Spain,
Portugal and Poland. Prior to Santander, Simoes spent 13 years at
HSBC, including as CEO of U.K. and Europe, and latterly CEO of
Global Private Banking.
Departing CEO Nigel Wilson had announced his decision to retire
in January. Wilson will remain as CEO until Simoes takes over, and
will work closely with Simoes to ensure a comprehensive handover
and smooth transition, Legal & General said.
"[Simoes] brings a formidable leadership track record at the
most senior level of financial services, working across complex,
global organizations," Chair John Kingman said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
June 15, 2023 02:27 ET (06:27 GMT)
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