L&G Appointed New European Leadership
The firm expanded its regional footprint as it seeks to support asset management growth.
Updated on Sept. 29, 2026 in People
Legal & General has appointed Paulin Plunkett as managing director for its European asset management business. The firm also confirmed the opening of a new Luxembourg office to support its growth strategy.
Why it matters
The leadership changes and geographic expansion follow significant growth in the firm's European operations. These moves aim to formalize the management structure overseeing more than €100bn in regional assets.
L&G currently manages more than €100bn in assets throughout Europe. The firm serves this market through a network that includes regional offices in Dublin, Amsterdam, Frankfurt, Milan, Stockholm, and Zurich.
The players
L&G
A global financial services group and institutional asset manager that operates across insurance, savings, and investment management.
Paulin Plunkett
The new managing director for European asset management who previously led LGIM Managers Europe.
Giancarlo Sandrin
The newly promoted head of wholesale for Europe responsible for institutional and distribution strategy.
Philipp Koenigsmarck
The newly appointed deputy head of wholesale for Europe supporting regional distribution efforts.
The details
Paulin Plunkett, who joined the firm in 2014, transitions to her new role after serving as CEO of LGIM Managers Europe. Complementing this leadership change, Giancarlo Sandrin has been promoted to head of wholesale for Europe, while Philipp Koenigsmarck takes on the role of deputy head of wholesale. Patrik Hanser continues as head of digital distribution for Europe.
Timeline
Paulin Plunkett joined L&G in 2014.
The leadership changes were reported on September 29, 2026.
Market Landscape
The expansion follows the industry-wide trend of establishing multi-hub European operating models to navigate shifting regulatory environments. L&G's strategy mirrors broader efforts among financial firms to deepen regional presence by creating localized hubs.
Operators should monitor whether the new leadership structure changes the firm's engagement with institutional partners and regional distributors. Watch for future shifts in service availability as the Luxembourg hub begins operations.
The takeaway
The move suggests a focus on consolidating European market share through leadership stability and hub-based expansion. Operators should track how the firm integrates its new Luxembourg office into existing regional distribution workflows.
Further reading
For more on industry shifts and leadership moves, visit the People section.
