Legal & General CFO steps down after eight years

Legal & General's chief financial officer of eight years has handed in his resignation, the insurance, retirement and investment group announced on Tuesday.

Legal & General Group
30 September 2025 07:34:32

Source: Sharecast

Jeff Davies, the former EY partner who has been CFO of L&G since 2017, will stand down from the board in December to "pursue a new opportunity", staying until the end of the year to ensure a smooth transition.

Throughout his tenure, Davies helped to "shape L&G's strategic transformation, overseen significant regulatory change including the implementation of IFRS17 and Solvency II and has played a key role in a number of the group's key strategic transactions and partnerships," L&G said in a statement. He has also led the Corporate Investments unit since last year, overseeing the divestment of non-strategic assets.

The head of its Institutional Retirement division, Andrew Kail, named as the company's new CFO, in line with its succession plans.

Kail joined L&G in 2021, having spent 30 years at PwC, initial as chief executive officer of L&G's Retail Retirement unit. He has also been CEO of L&G Assurance Society (LGAS) – the largest entity in the group – since the beginning of 2024.

"In Andrew we have an outstanding CFO designate with deep knowledge of the different businesses of L&G and the key drivers of its performance," said L&G's CEO António Simões.

"He is already a valued member of my leadership team and has played a pivotal role in developing and driving the group's growth strategy."

Transferring your account

Transfer your existing ISAs and Share Dealing Accounts and you could save money. In order to transfer, log in to your existing account and complete the online application form. We’ll do the rest for you. It’s free to transfer (we will not charge you). Please check your current provider to see if they have any charges for transferring.

Transfer to us

FTSE 100 ( UKX )

Isin: N/A

Exchange: London Stock Exchange

Sell:

0.00

Buy:

0.00

Change: 43.91 ( 0.42 %)

Date:

13/02/2026 - 16:50

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.