The team, led by David Chapman, will concentrate on risk premia, active derivative overlays and cash equitization strategies. It will serve institutional investors, including defined benefit clients as well as defined contribution, endowment and foundation clients. Chapman, who joined LGIMA last year, was previously chief investment officer at Attorneys' Liability Assurance Society.

“We are especially excited about the enthusiasm we have seen in risk premia strategies, which strongly align with our clients' objectives and provide an opportunity for growth,” said Jodan Ledford, LGIMA's head of US solutions. 

“David brings a wealth of experience to the role, given his background as a former CIO and prior experience as a multi-asset portfolio manager. With David's leadership and our extensive expertise in structuring solutions, the multi-asset portfolio management team further positions LGIMA as a leader in delivering highly effective comprehensive investment solutions to our clients.”

LGIMA, which specializes in fixed income, index strategies and other investment services for the US market, has over $121.5 billion in assets under management. Legal & General's worldwide assets under management stand at around $770 billion.