Legal & General promotes Fitzpatrick to managing director

Fitzpatrick will be responsible for the firm's investments in venture capital and SME finance, among other investment schemes.

A focus for the business under his leadership will be giving access to the venture capital asset class for defined-contribution customers, while creating an asset portfolio that complements Legal & General Investment Management's investment strategy and supports the growth of Legal & General's retirement arm.

Fitzpatrick is also expected to explore new ways to deploy capital and enhance returns across alternative-asset capabilities.

Fitzpatrick joined LGC in July 2018 from CALA Group. He was previously general counsel and company secretary at Premium Credit, a finance business owned by Cinven, and general counsel and company secretary at Northern Rock.

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