Legal & General (L&G) has appointed Andrew Kail as its group chief financial officer (CFO) and executive director, effective from 1 December.

Kail is currently the chief executive officer (CEO) of L&G Institutional Retirement, having joined L&G in 2021 as CEO of its Retail Retirement division. He has also served as CEO of the group’s Legal and General Assurance Society.

Before joining L&G, Kail spent 30 years at PwC in senior roles, including the head of financial services.

Kail will take over the role from Jeff Davies, who has informed the board of its decision to step down from the position. Davies will leave the company to join Resolution Life as CFO and will stand down from the L&G board on 10 December. He will remain with L&G until the end of 2025 to support the handover.

Group CEO at L&G, António Simões, 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. 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."

Kail concluded: "I am delighted to be appointed as CFO 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."

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