Press releases

Legal & General hires HSBC's Will Devenney

LGIM Real Assets (LGIM RA) is pleased to announce that it has hired Will Devenney, formerly Director, Infrastructure and Real Estate at HSBC to expand its Infrastructure Debt team as it continues to develop and diversify its real assets capabilities.

3 Dec 2018

Press release (PDF 96KB)

Since LGIM RA’s Private Credit business’ debut infrastructure deal in 2012, investments have been made throughout the UK, Europe and the USA in all key social and economic infrastructure sectors.  With £3 billion of infrastructure assets under management 1, and over £1 billion invested over the last 12 months, Devenney will play a pivotal role in broadening LGIM RA’s infrastructure investment opportunities with a particular focus on yield enhancing strategies. 

Devenney brings extensive experience to the role having led a multitude of transactions from an advisory, structuring and underwriting perspective across the transportation, utilities and renewables sectors for previous employers HSBC and RBC Capital Markets (in London and New York), where he was Director of Acquisitions and Leverage Finance focusing on the infrastructure sector.

Managing £3 billion of infrastructure assets as at 30 June 2018

Nick Bamber, Head of Private Credit, commented: “There remains significant demand for high quality private credit in infrastructure asset classes, enabling large institutions and pension funds to achieve diversification of their portfolios, improve their structures and enhance their yield profiles.  Through continued investment in talent, we can widen the scope of our investment capabilities for our clients.” 
Tom Sumpster, Head of Infrastructure Finance, said: “I am delighted that Will has joined the Infrastructure team, he brings a wealth of deal experience across all Infrastructure sectors. Will’s appointment will further bolster our investment capabilities in infrastructure debt, a growing part of the real assets business.”

Further information

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Harriet de Beaufort-Suchlick

Senior Communications Manager

Legal & General Capital