Legal & General appoints head of infrastructure equity
14 Jan 2019
LGIM Real Assets (LGIM RA) announces that it has hired Jonathan Ord, formerly Investment Director, at Local Pensions Partnership Investments (LPPI) to lead its infrastructure equity investment strategy.
LGIM RA’s infrastructure business has seen considerable growth in the last 12 months, with the infrastructure debt team making key hires and investing over £1.5 billion into all key social and economic infrastructure sectors across the UK, Europe, Australia and the USA. Jonathan Ord, another senior hire for the team, will report to Tom Sumpster, Head of Infrastructure. Ord, in this newly created role, will lead a new infrastructure investment strategy for LGIM RA, building its presence in infrastructure equity as it continues to expand its platform capabilities.
With 12 years’ experience in the sector, Ord has led a multitude of transactions for previous employers, most notably in his role as Investment Director for LPPI. During his time with LPPI, Ord helped establish both LPPI’s own infrastructure programme and GLIL Infrastructure LLP (GLIL), the £1.8bn infrastructure platform backed by a number of LGPS pension schemes. In addition to leading and executing transactions, Ord also had responsibility for the Asset Management of a number of LPPI and GLILs’ infrastructure investments.
Tom Sumpster, Head of Infrastructure Finance, said: “We are delighted that Jonathan is joining to expand our infrastructure investment origination capability into equity, providing LGIM RA clients with a greater product offering. As with our infrastructure debt investments, Jonathan will lead an investment strategy that focuses on environmentally and socially responsible assets that deliver attractive returns for our clients.”
This is another significant hire for the infrastructure team and we are pleased to have Jonathan on board. His appointment will further bolster our investment capabilities in infrastructure, demonstrating our commitment to expanding our platform so we can deliver a full spectrum of real estate and infrastructure products to clients.
Bill Hughes, Head of LGIM Real Assets
For further information
Harriet de Beaufort-Suchlick
Legal & General Capital and LGIM Real Assets
T: +44 (0) 20 3124 4879
Notes to editors
LGIM Real Assets
LGIM Real Assets is a division of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £983.3bn in assets on behalf of over 3,200 clients (as at 31 Dec 2017), providing products and solutions spanning all asset classes. LGIM Real Assets, headed up by Bill Hughes, has AUM of £27bn (as at 31 Dec 2017), actively investing and managing assets across commercial property, private residential, infrastructure and property lending and, most recently, corporate credit.
Legal & General Group
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with a number of growing businesses in the US. Over fifteen million people worldwide rely on us to help them save for the future and to protect their families and their homes.
We operate in three principal areas:
- Investing & Annuities, where we manage £58bn of retirement annuities for policyholders and invest for their long term return within Legal & General Retirement, as well as investing our own balance sheet within Legal & General Capital;
- Investment Management, where we have £983bn in total assets under management from clients in the UK, US, Asia and EMEA and a leading UK workplace savings and retail investments business within LGIM; and
- Insurance, where we provide protection against life events for customers, with £2.9bn of gross written premiums principally in life insurance in the UK and US within Legal & General insurance and household insurance in the UK within our General insurance division.