Legal & General Investment Management push into the private debt market with senior hire
Legal & General Investment Management (LGIM) is developing their private debt business with the appointment of Nicholas Bamber as Head of Private Assets (photo, right).
Nick joined LGIM last week from Royal Bank of Scotland (RBS), where he was Head of Corporate Coverage in the UK. He spent over 20 years at RBS, in a number of high profile roles, including Head of Private Placements and Head of Investment Grade Corporate Debt Capital Markets for Western Europe. He will report to Aaron Meder, Head of Investment at LGIM.
In this newly created role, Nick will be responsible for building LGIM’s private debt capabilities. The appointment is subject to regulatory approval.
Aaron Meder, Head of Investment at LGIM, said: “This is an important next step in our strategy to provide holistic end-to-end solutions for our customers. Demand for private debt is growing as investors look to lock into the enhanced yields that this asset class can offer over the term. Nick will focus initially on European private placements, but the ambition is to build a global business across currencies and asset classes.
“Nick brings a wealth of experience of debt capital markets to LGIM. In this senior role, he will lead LGIM forward on our mission to grow this important business line.”
For more information please contact:
PR manager, Legal & General Group
t: +44 (0) 20 3124 2092
Legal & General Investment Management Limited
Registered Office: One Coleman Street London EC2R 5AA
Registered in England No 02091894
Notes to editors
LEGAL & GENERAL INVESTMENT MANAGEMENT:
Legal & General Investment Management (LGIM) manages assets of £717 billion for more than 3000 clients* and is the 2nd largest institutional asset manager in Europe**. Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.
*Source LGIM. As at 30 September 2015; total assets include assets under management, notional derivative positions and advisory assets.
**Source IPE. As at June 2015