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Board role for Strauss

Ex-Widows boss joins Legal & General

Toby StraussFormer Scottish Widows chief executive Toby Strauss has joined the board of Legal & General as a non-executive director.

Mr Strauss will take up his role on 1 January, and will sit on its nominations, audit and risk committees.

Prior to working at Scottish Widows, Strauss has also held the role of chief executive of Aviva’s UK life business.

L&G interim chairman Rudy Markham said: “I am delighted that Toby is joining us. His many years of experience in the UK insurance sector further supplements the strength and balance of skills and experience of the board. I look forward to working with him.”

Mr Strauss said: “L&G is a fantastic company committed to supporting investment in UK infrastructure and the savings, insurance and retirement needs of their customers. I look forward to joining the board.”

L&G announced it is on track to double its new business sales in its retirement division. Sales have reached £5.4 billion against £2.9bn for the full 2015 year.

New business has been driven by growth in pension de-risking business and equity release.



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