Legal and General Appointed New European Leadership
The firm expanded its operations with a new Luxembourg office and strategic management changes.
Updated on Sept. 29, 2026 in People
Legal and General has appointed Paulin Plunkett as the managing director of its European asset management business. This leadership update coincides with the opening of a new office in Luxembourg.
Why it matters
These appointments and the firm's expansion in Luxembourg support the asset manager's growth strategy across Europe. The changes aim to solidify the company's presence following a period of significant regional growth.
Legal and General manages more than €100bn in assets across its European operations. The firm has now established a physical presence in Luxembourg to support this portfolio.
The players
Paulin Plunkett
She is the newly appointed managing director for the European asset management business at Legal and General.
Giancarlo Sandrin
He serves as the head of wholesale for Europe.
Philipp Koenigsmarck
He serves as the deputy head of wholesale for Europe.
Legal and General
This is a major multinational financial services and asset management group.
Patrik Hanser
He serves as the head of digital distribution for Europe.
The details
Paulin Plunkett, who has been with the firm since 2014, previously served as the CEO of LGIM Managers Europe. Alongside her appointment, Giancarlo Sandrin has been named head of wholesale for Europe, with Philipp Koenigsmarck stepping in as deputy head of wholesale.
Timeline
Paulin Plunkett joined Legal and General in 2014.
The leadership changes were reported on September 29, 2026.
Market Landscape
This move follows the post-Brexit shift of financial institutions moving assets and management teams into EU hubs, marking a continued expansion of London-based firms into the European Union. By opening a Luxembourg office, the firm strengthens its competitive position against other international asset managers operating in the bloc.
European institutional clients may see changes in wholesale service delivery as the firm scales its regional presence. These management updates do not immediately impact retail account fees or current investment product pricing.
The takeaway
The firm is prioritizing localized European leadership to manage its €100bn portfolio. Investors should monitor how the new Luxembourg headquarters coordinates with existing regional offices in cities like Milan and Frankfurt.
Further reading
For more on industry shifts, visit the People section.
