Press releases

Legal & General appoints heads of infrastructure debt in US and Europe

Legal & General announces that it has expanded its infrastructure debt capabilities with the appointment of Charles-Henry Lecointe as Head of Infrastructure Debt America and Will Devenney as Head of Infrastructure Debt, Europe.

21 Oct 2019

In these newly created roles, Lecointe and Devenney will focus on expanding Legal & General’s infrastructure investment portfolio in both North America and Europe respectively.

LGIM Real Assets currently manages £3.9 billion of assets in the UK, Europe and US, with Lecointe’s appointment to a growing Private Credit team in Chicago follows a year of high profile debt investments in the US.

Lecointe brings 15 years of infrastructure and structured finance experience across a breadth of sectors and geographies. For this role, he has relocated from LGIM Real Assets London Office. Having led a multitude of transactions in the US, with a particular focus on the P3 and renewables sector, Lecointe is well placed to lead Legal & General’s infrastructure business in the US as it continues to expand.

Devenney joined LGIM Real Assets in 2018 from HSBC to develop and diversify Legal & General’s real assets capabilities. Devenney will now lead on infrastructure debt investments in Europe.

Bill Hughes, Head of LGIM Real Assets, commented: “These appointments signal our ambition to continue to significantly expand our infrastructure capabilities in both the US and European geographies. Charles-Henry’s move will further bolster our investment capabilities in North America, and Will’s new role will be integral to the development and diversification of our real assets capabilities. These appointments demonstrate our commitment to expanding our platform and participating in the global infrastructure market.”
Tom Sumpster, Head of Infrastructure at LGIM Real Assets, said: “Charles-Henry’s move to Chicago is testament to our commitment to participate in a highly competitive infrastructure market and deploy more client capital in North America. Complementing the US offering, Will Devenney brings extensive experience working across all key social and economic infrastructure sectors, and has been an integral to LGIM’s continued success in Europe.”

Notes to editors

LGIMRA is a division of Legal & General Investment Management (LGIM), one of Europe’s largest
institutional asset managers and a major global investor. LGIM manages £1.29 trillion1 ($1.57tn) in
assets, working with a range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.

LGIM Real Assets has assets under management of £36 billion2 ($43.8bn) and is one of the largest
private markets investment managers in the UK. Investing in both debt and equity and across the
risk/return spectrum, LGIM Real Assets actively invests in and manages assets across commercial,
operational and residential property sectors, as well as infrastructure, real estate, corporate and
alternative debt.

Taking a long-term view in order to future proof our investments, LGIM Real Assets continues to lead the industry in ESG performance, considering all environmental, social and governance issues at asset level as well as portfolio level.

1LGIM internal data as at 30 June 2022. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.
2Source: LGIM Real Assets. AUM data as at 30 June 2022.

*at 13 Jan 2023


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. Views expressed are of LGIM as at 12 January 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. Legal & General Investment Management Limited. Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA. Authorised and regulated by the Financial Conduct Authority, No. 119272.

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY23) of which c40% (circa £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

As at 7 June 2024, we estimate the Group’s Solvency II coverage ratio to be 224%.

As at 11 June 2024, Legal & General has a market capitalisation of £14.6 billion.