Legal & General's Chief Executive, Nigel Wilson, is to retire after more than a decade at the helm. The announcement comes as the company prepares to usher in a new CEO and reports record earnings. Mr. Wilson made the announcement in a press conference and stated he would transition from his position at the end of the year.

The search for Wilson's successor began soon after his announcement and has since attracted a number of potential candidates. Legal & General's current board of directors is confident that a suitable candidate will be identified in the coming months.

The company has seen a significant influx of revenue over the past decade under Wilson's watch and is currently ranked as one