Legal & General (L&G) Group has appointed Andrew Kail as group chief financial officer (CFO), taking over from Jeff Davies, who will leave the board on 10th December 2025.
Kail is set to become group CFO and executive director from 1st December 2025, subject to regulatory approval.
Davies will remain at L&G until the end of 2025 to help with the transition.
Kail is currently CEO of the Institutional Retirement business and has also led L&G Assurance Society since the start of last year.
Kail joined in 2021 as CEO of the retail retirement division.
Before this, he spent 30 years at PricewaterhouseCoopers in senior roles, including head of financial services.
He is also an ICAEW chartered accountant and board member at TheCityUK.
Kail said: “I am delighted to be appointed as Chief Financial Officer of L&G at such an important time for the Group, as we press forward with the delivery of our ambitious strategy.
“I look forward to working together with my colleagues and the Board to drive business growth and positive outcomes for our stakeholders.”
Davies said: “L&G is a fantastic company and it has been a privilege to be its CFO. Our great people, values and clear purpose have made my time here hugely enjoyable.
“As I hand over to Andrew, we are making excellent progress in implementing our strategy, building on very healthy financials.
“I wish him, António and the wider team every success in the future.”
António Simões, group CEO at L&Gl, said: “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.
“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.
“I would like to thank Jeff for his eight years at L&G and particularly the last two years we have worked together.”
Simões added: “He has been a great support to me and the rest of the group management committee, and leaves L&G in a very strong financial and strategic position.
“The Board and I wish him all the best for the future.”
Sir John Kingman, group chair at L&G, said: “Andrew has made a huge impact at L&G over the last four years, driving the growth of our PRT business and playing a central role in the development of the Group’s wider strategy.
“I look forward to working even more closely with him as he joins the Board.
“I’d also like to take this opportunity to thank Jeff for his contribution to L&G – he has been a fundamental part of our success and leaves a strong legacy.”
