Press releases

L&G hires European Head of Real Estate Debt and establishes Private Credit Leadership Team as it builds for growth.

LGIM Real Assets (Legal & General) announces that it has hired James Spencer-Jones from Cushman & Wakefield as its new Head of Real Estate Debt, Europe, and established a new Private Credit Leadership Team, with highly experienced regional and sector leaders across each of its markets, as it looks to continue and grow its Private Credit business for the future.

22 May 2020

Full press release

As a result of the reorganisation, Calum Macphail will take on responsibility for Private Credit Investment in Europe, with Ed Wood retaining the equivalent role in North America. The Leadership Team will also include the regional sector leaders, reporting to Calum and Ed, respectively, who will take responsibility for co-leading their businesses on a global basis.

As part of this, James Spencer-Jones is joining the business on 1 June as Head of Real Estate Debt, Europe. James brings over 25 years’ experience working in the real estate industry, most recently as International Partner and Head of EMEA Debt and Structured Finance at Cushman & Wakefield. Prior to this, James spent six years at GE Capital, as Managing Director and Head of Debt Origination and Asset Management, Europe. He has a proven track record of establishing and successfully building small but highly profitable debt origination teams across the UK, Ireland, Europe and Asia.

Will Devenney, Head of Infrastructure Debt, Matt Taylor, Head of Alternative Debt and Steve Bolton, Head of Corporate Debt also join the Leadership Team in Europe, reporting to Calum Macphail. In North America, Charles-Henry Lecointe, Head of Infrastructure Debt and Brian Schwartz, Head of Real Estate Debt will report to Ed Wood.

Nicholas Bamber: "As we continue to build and grow the Private Credit business for the future, we have repositioned the team to sharpen the focus on the opportunities available across each of the market sectors. The newly established Private Credit Leadership Team comprises experienced regional and sector leaders that reflect the depth of talent and expertise that we now enjoy.

Each part of the business has real potential for growth in terms of clients and investment opportunities that will drive our assets under management. These opportunities exist across the credit spectrum in secure, stable assets, enabling large insurance companies and pension funds to achieve diversification of their portfolios, improve the structures and seek additional yield. With a top tier global team in place, we can widen the scope of investment opportunities for our clients, both internal and external."

Further information

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Harriet de Beaufort-Suchlick

Senior Communications Manager

Legal & General Capital

Notes to editors

Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.

*at 31 Dec 2022

Legal & General Investment Management

Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.4tn, €1.4tn, CHF 1.4tn). We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.

For more than 50 years, we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property, and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

*at 31 Dec 2022

1LGIM internal data as at 31 December 2022. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.

Important Information: For professional clients only. Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Assumptions, opinions and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Views expressed are of LGIM as at 17/02/2023. The Information in this document (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice.