Legal & General Investment Management Real Assets has appointed James Spencer-Jones as head of real estate debt, Europe.
Spencer-Jones joins on 1 June from Cushman & Wakfield where he was head of EMEA debt and structured finance and an international partner for more than four years.
Prior to joining C&W in 2016 he spent six years at GE Capital as managing director and head of debt origination and asset management, Europe.
LGIM has also established a new private credit leadership team as it looks to continue growing its private credit business.
Calum Macphail, head of corporate and alternative debt, takes on responsibility for private credit investment in Europe, with Ed Wood, head of US private placements, retaining the equivalent role in North America.
Will Devenney, head of infrastructure debt; Matt Taylor, head of alternative debt; and Steve Bolton, head of corporate debt will join the leadership team in Europe, reporting to Calum Macphail.
In North America, Charles-Henry Lecointe, head of infrastructure debt, and Brian Schwartz, head of real estate debt, will report to Ed Wood.
Nicholas Bamber, global head of private credit, said: “As we continue to build and grow the private credit business for the future, we have repositioned the team to sharpen the focus on the opportunities available across each of the market sectors.
“Each part of the business has real potential for growth in terms of clients and investment opportunities that will drive our assets under management. These opportunities exist across the credit spectrum in secure, stable assets, enabling large insurance companies and pension funds to achieve diversification of their portfolios, improve the structures and seek additional yield.”
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