Legal & General : Capital appoints Chief Financial Officer from 3i Infrastructure

20 September 2016

Legal & General Capital (LGC), the principal investment arm of Legal & General Group, is delighted to announce the appointment of Stephen Halliwell (photo, right) as its new Chief Financial Officer to support its growth strategy. LGC is a key growth area for Legal & General, investing in socially and economically useful enterprises with a focus on housing, infrastructure and SME finance. Acting as a catalyst for business growth, LGC targets risk-adjusted returns on its investments whilst creating longer-term investment opportunities for other parts of Legal & General Group and institutional investors.

Stephen was previously Chief Financial Officer at 3i Infrastructure plc, the FTSE250 group focused on UK and European infrastructure investments. Having been at 3i since 1998, Stephen played an integral part in the firm's growth from the IPO of 3i Infrastructure plc in 2007. Managing the operational, financial and reporting requirements for 3i's Infrastructure business, with £2.5 billion of assets under management, Stephen acted as a key interface with the public markets. His experience also includes acting as Group Finance Director for 3i Group during 2009 and 2010. He previously held the position of Head of Financial Planning and Analysis for 3i Group prior to the listing of 3i Infrastructure plc.

Paul Stanworth, Managing Director of Legal & General Capital (photo, left), said: 'The seniority of Stephen's appointment and his infrastructure experience appropriately sets the tone for our ambitions at Legal & General Capital. We are unashamed disrupters and target aspects of the UK which need a capital boost to provide a social and economic benefit to society as well as a return. Our current focus is in housing, infrastructure and SME finance. We have been building a best-in-class team with the depth of expertise to support our growth trajectory, and Stephen's arrival is a major boost to our plans.'

Stephen added: 'It is clear that Legal & General Capital has been taking a fresh and significant approach to investing in key areas of the UK's social and economic infrastructure. I relish the chance to be involved in this unique business at such an opportune time.'

LGC has continued to add to its team of dedicated business and investment professionals during 2016, including both central functions and sector-led experts. This includes the following appointments: James Lidgate as Head of Housing; Rachel Dickie as an Investment Manager focused on urban regeneration; Lauren Aitchison as Head of Strategic Land and Ronald Chirochangu as Head of Syndication.

ENDS.

For more information please contact:

Tom Gough, Head of Communications, Legal & General Capital and LGIM Real Assets
Tel: [phone]

Notes to editors:

Legal & General Capital

Legal & General Capital (LGC) focuses on direct investments in key sectors, particularly housing, infrastructure and SME finance. These reflect our aim to invest for the long term in economically and socially useful assets, to secure competitive returns and to create new asset classes for Legal & General's varied investment requirements, for our partners and for the wider marketplace. We work closely alongside other businesses within Legal & General to ensure the broadest range of skillsets are deployed on any project and to utilise principal investment and asset management synergies across the Group. Investments to date have included housebuilder CALA Homes, a Build to Rent joint venture, urban regeneration projects at MediaCity/Salford and Bracknell, SME finance group Pemberton and clean energy firm, NTR.