By Rebecca Delaney
May 27 - (The Insurer) - The recent run of changes to Lloyd's executive team has continued with Eleanor Bucks stepping down from her role as chief investment officer, to be succeeded by AIG's Guillermo Donadini.
Donadini most recently held the chief investment officer role for AIG's general insurance business, a position he held for five years. He confirmed his appointment at Lloyd's in a LinkedIn post earlier this month, with the full handover to be completed by the end of July.
Bucks assumed the then-newly created role of chief investment officer in September 2021, joining the Corporation following 12 years at Legal & General where she latterly served as chief operating officer of Legal & General Capital.
Bucks joined Lloyd's with a remit to build and lead Lloyd’s new Investment Platform for the market. She also oversaw the treasury and investment management team at Lloyd's.
The Lloyd's Investment Platform was most recently expanded in February with the launch of two new EUR and GBP funds under its Enhanced Liquidity Fund range for strategic cash management.
The Schroders-managed investment platform was formally launched in April 2023 with the debut Lloyd’s Private Impact Fund for sustainability-related assets. The Insurer revealed in 2022 that Lloyd’s had entered into an investment partnership with Schroders Solutions, part of the Schroders Group.
"We would like to thank Eleanor for the key role she played in the transformation of Lloyd’s investment proposition and in driving innovation in insurance asset management and wish her all the best," said a Lloyd's spokesperson in a statement to The Insurer on Tuesday.
Bucks' departure marks part of a wider turnover at the Corporation, with CEO John Neal now in his final working week following the announcement of his departure to join Aon in January. He is set to start his role as the broker's CEO of global reinsurance and global chair of climate solutions on September 1.
Current chief of markets Patrick Tiernan was named as Neal's successor following the arrival of Charles Roxburgh to replace Bruce Carnegie-Brown as Lloyd's chair on May 1.
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