L&G boosts institutional retirement business with new head of origination and execution

Legal & General (L&G) has appointed Rachel Cutts as head of origination and execution within its institutional retirement business. 

Cutts has worked at L&G for nine years, including time as chief of staff to institutional retirement CEO Gareth Mee, and as execution director.

She will now lead the team supporting pension schemes through the transaction process, working across origination, execution and the wider business to deliver a joined-up journey for trustees, sponsors, advisers and members.

Cutts said: “As the PRT market continues to grow and becomes increasingly sophisticated, clients are looking for a partner that can deliver expertise, certainty and a seamless experience throughout the initial buy-in transaction, the journey to buyout and beyond. 

“Over my nine years at L&G, I’ve seen first-hand the strength of our team and the value of combining market-leading execution with long-term support for clients and pension scheme members. 

“I’m looking forward to leading the origination and execution team and building on that strong foundation.”

John Towner, managing director, PRT, institutional retirement at L&G, said: “Rachel’s appointment reflects the strength of talent within our business and the strong reputation she has built across the market over many years. 

“She combines deep technical expertise with strong commercial judgement and is highly regarded for her ability to build trusted relationships, understand clients’ objectives and help them navigate complex challenges.