Legal & General to expand pensions and sell housebuilder Cala
by Julia Kollewe from World news | The Guardian on (#6NFD1)
Insurance and asset management group's new chief promises a simpler' business, focused on three divisions
The new boss of Legal & General has announced a major shake-up of the company, including a sharper focus on its booming pensions arm and putting its housebuilding business up for sale.
The insurance and asset management group's new chief executive, Antonio Simoes, a banker who started in January and previously worked for Santander and HSBC, promised a simpler and better-connected" business, focused on three divisions.
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