Latham called in by Legal & General for culture review after allegations of compliance failures

US firm brought in to look into risk concerns at insurer's investment management arm

Latham & Watkins was brought in by Legal & General for a review of the company’s investment management arm amid concerns over its risk culture, it has emerged.

The US firm was drafted in to conduct an independent review of the FTSE 100 company’s funds unit, Legal and General Investment Management (LGIM), following allegations of compliance failures.

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