Legal & General chairman to take up reins

Legal & General has announced that Sir John Kingman will take up his appointment as group chairman with effect from 24 October.

Interim chairman Rudy Markham will remain on the bard as non-executive director until the annual general meeting in 2017. Markham said: "On behalf of the Board, I welcome John as our new chair. Legal & General is an exceptional company and it has been my privilege to serve the Board and Company in a variety of roles during my tenure."