Legal & General Investment Management (LGIM) has named Bill Hughes as head of real assets as part of a restructure of its leadership team.
The new role sees Hughes (pictured) lead a new team which combines the company’s property and infrastructure capabilities for the first time.
LGIM said the leadership restructure would improve business growth across its key product areas, both in the UK and internationally.
It added the team will reflect the “growing connection between the property and infrastructure divisions”, with the former rapidly widening its investment universe to include alternative asset classes, such as student accommodation and healthcare.
Hughes joined Legal & General Property in 2007 as managing director and has overseen the doubling of the company’s real estate assets under management, growing from around £7.5bn in 2008 to more than £15bn as at the end of 2014.
He has also headed up the establishment of its lending arm, Commercial Lending Limited, which has concluded a total of £1.08bn of debt deals to date across 12 transactions.
LGIM chief executive Mark ZInkula said: “LGIM has been growing rapidly and enhancing its product set and investment solutions for its customers. Clients like our products and services, but increasingly want to access them via integrated solutions, as well as individually. Today’s management changes will drive this forward and help to deliver growth.”
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