Legal & General Investment Management (LGIM) has hired Emiel van den Heiligenberg as head of asset Allocation.

Heiligenberg will have overall responsibility for LGIM’s asset allocation strategy and will lead LGIM’s highly experienced asset allocation team of global economists, macro strategists and portfolio managers. He will join LGIM later in the year from BNP Paribas Investment Partners, where he was previously CIO of the Multi-Asset Solutions Group.

Mark Zinkula, LGIM’s CEO, said, "Emiel’s significant investment experience and strategic outlook, alongside the team’s extensive knowledge and expertise, will enable us to grow our business further by delivering investment strategies and performance to meet our clients’ long-term needs".

Heiligenberg said "This is an exciting time in our industry and LGIM is a major player in the market with tremendous potential for further growth".