Press releases

Legal & General makes two key property fund manager appointments, promoting internal talent Ali Farrell and Rob Codling

LGIM Real Assets (Legal & General) announces the appointments of Rob Codling as Fund Manager to its flagship £3.2 billion Managed Property Fund and Ali Farrell as Fund Manager to its £500 million segregated mandate fund. The two appointments are both internal promotions, demonstrating the ability of the business to retain and bring talent up through its ranks.

19 Aug 2020

Full press release

Rob’s appointment follows a highly successful career at Legal & General since joining the business in 2012, and previously at Jones Lang LaSalle (JLL) where he worked as an asset manager to L&G’s Industrial Property Investment Fund. As a high performer, Rob has continued to be promoted through the business and moves across from the role of fund manager to a large segregated account, which he has successfully steered since 2017. In this role he has been an integral part of the wider real estate platform in idea generation and shaping the UK property market strategy in conjunction with our in-house research and ESG team. For Legal & General’s flagship Managed Property Fund, Rob will continue to drive its robust performance and diversify its portfolio into key growth areas, with a particular focus on alternatives and operational assets.

As a result of Rob’s move, Ali Farrell will take over the role of Fund Manager to Legal & General’s segregated mandate fund, having been promoted from Assistant Fund Manager of the Managed Property Fund. Ali joined LGIM Real Assets as a Senior Asset Manager in 2015 and has demonstrated high performance since her initial appointment. In her new role, Ali will continue to deliver further success for the segregated mandate fund.

Both Funds invest in freehold and leasehold property across the UK in all major asset classes.  Despite the current economic climate, the funds have continued to selectively invest in areas which retain strong fundamentals. 

Michael Barrie, Director of Fund Management at LGIM Real Assets: "As we continue to build and diversify our real estate platform, in addition to continuing to attract strong and complementary skills to the business, we also recognise the importance of retaining and developing existing talent, rotating high performers through senior, strategic roles across our mandates. Rob and Ali have significant track records in driving forward positive performance and will be integral to the continued success of these highly important funds.”

Further information

Harriet De Beaufort Suchlick

Harriet de Beaufort-Suchlick

Head of Corporate Communications

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 £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.

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.