21 Nov 2019
£1 trillion+ of firepower can change the way property and capitalism works
Speaking in Biznow, CEO Nigel Wilson explains how Legal & General is making an impact in the world of residential, but failings baked into the UK system over the past 35 years make it slow going.
Biznow describes Legal & General as the UK’s largest investment manager, and among the 15 largest in the world, with more than £1 trillion of assets.
Both Nigel, when it comes to Legal & General as a whole, and Bill Hughes (Head of our property division), have undertaken a radical change at the company, which was once considered a fairy typical, sleepy, conservative investor. To institute that kind of change in a company with almost 10,000 employees, Nigel points to a perhaps overlooked factor: emotion.
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We have a very collaborative culture, both internally, and when it comes to partnerships with local authorities... We have some clever, hard-nosed financial guys that get pretty emotional when they see some of the things that are happening. They can see and feel the changes we are making in places.