Evening Standard - London, October 18th, 2001
DAVID Rough, the highlyregarded head of investments at insurance giant Legal & General, is to step down at the end of the year.
In a surprise announcement today, L&G said Rough, although only 50, has decided to take early retirement. He will be replaced by Tim Breedon, 43, who is managing director (Index Funds).
Rough, who earned 500,000 last year in salary and bonus payments and owns shares in L&G worth 1.82 million, wants to pursue what he calls "a portfolio life", taking on several non-executive roles in the future.
He joined L&G from Royal Insurance in 1989, recruited by group chief exe...
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