Sally Clayton, will take over from Rajkumar as chief risk officer for Legal & General Retail. As group climate director, Moxley will be responsible for leading and executing climate strategy, approach, targets, reporting, and governance across the group. In addition, Moxley will drive the coordination of the group wide development of investment and societal opportunities that the journey to net zero generates.

He joined the firm in 2017 as CRO of Legal & General Retirement. Most recently, he was chief financial officer of LGRI for nearly fie years, overseeing growth and the implementation of IFRS 17. Moxley takes over from Simon Gad, who is moving into an advisory role.

Rajkumar has been with the company for almost ten years and held several senior risk roles. Clayton was previously chief risk officer for Legal & General Home Finance and has worked in financial services for almost 30 years. She worked for firms including Friends Provident, Skandia Life and AXA Wealth.