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Legal & General secures retail expert for its managed fund
LGIM Real Assets (“Legal & General”) announces that it has hired Alex Mountford as Senior Asset Manager, to focus on some of its key retail assets within Legal & General’s £3.3bn Managed Fund.
23 Jan 2018
Legal & General committed almost £400m last year alone into improving and evolving its retail destinations for its consumers. The company now has an established team of more than 30 retail specialists.
Alex has 13 years’ experience in the retail sector, joining from Linkcity (Bouygues) where he held the position of Senior Leasing Manager. Whilst at Linkcity, Alex was responsible for the retail strategy and delivery on major mixed use developments in London and the South East. Prior to that, he was an Associate Director in the retail teams at CBRE and DTZ advising investors on leasing and development strategies on Shopping Centre and In-town retail assets as well as advising on a number of national occupier mandates. During his career Alex has worked on some major schemes including Westfield Stratford and Birmingham Grand Central and national portfolio mandates for Vodafone, Barclays and Natwest. Alex qualified as a Chartered Surveyor in 2007.
The Managed Fund is an open-ended Fund available to occupational pension schemes. Currently valued at £3.3bn, a focus on income enhancement and added value creation is key to the strategy of this fund.
Mark Russell, Senior Fund Manager at LGIM Real Assets:Our LGIM Real Assets platform and the Managed Fund continue to grow at pace. We are delighted to bring someone of Alex’s calibre onto our team to oversee some key value-add retail projects as well as supporting further growth activities in the sector. Alex’s wide-ranging expertise and experience in working and improving retail assets will be invaluable to our ambitions.
Olivia Bayliss
Head of Communications
Capital and LGIM Real Assets
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
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. 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 HY24) 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 11 December 2024, Legal & General has a market capitalisation of 13.7 billion.