LGIMA Announces New Hires

Todd Bitzer, Kenneth D. Chappatta, Nick Devine, Zed Francis and Brett M. Schechterman joined the senior team of Legal & General Investment Management America Inc. (LGIMA).

Bitzer joins as a senior client portfolio manager. He has 25 years experience in asset management. Prior to LGIMA , he served as executive director at Morgan Stanley Alternative Investment Partners. Previously, Bitzer has led various distribution functions at Janus Capital, Systematic Financial Management, Turner Investment Partners and Pacific Financial Asset Management. He began his career at The Travelers in 1988. Bitzer holds a bachelor’s degree in business administration from the University of Georgia.

Chappatta was named an information technology service delivery manager. For the past six years, he was the global director of information technology infrastructure and enterprise support for ACCO Brands. He has more than 20 years of project management experience leading infrastructure and application projects. Chappatta holds a bachelor’s degree in information systems from Elmhurst College and a master’s of business administration from DePaul University.

Devine joins as a portfolio manager. Prior to LGIMA, Devine worked at Balyasny Asset Management as a senior trader and portfolio manager. Previously, he worked as a trader and analyst at British Petroleum in the integrated supply and trading group as well as an analyst at the Chicago Mercantile Exchange. Nick holds a bachelor’s degree in economics from the University of Oklahoma.

Francis has been appointed as an LDI (liability-driven investing) portfolio manager. He is responsible for the day-to-day risk management of custom LDI portfolios. Previously, Francis worked at Chicago Fundamental Investment Partners, where he was a head equity and options trader responsible for hedging risk across various index products. He holds a bachelor’s degree in applied economics and management from Cornell University, awarded with distinction.

Schechterman joins as an investment analytics and reporting manager. Prior to his recent role as a global business and product manager for Bloomberg’s portfolio analytics business, he was the global head of fixed-income risk analytics and data management at UBS Global Asset Management. Earlier in his career, Schechterman held similar positions at BlackRock Solutions and Goldman Sachs Asset Management. He holds a bachelor’s degree in finance with a minor in economics from Pennsylvania State University and a master’s in business administration from the University of Chicago’s Booth School of Business.

LGIMA, in Chicago, is a registered investment adviser with more than $32 billion in assets under management.