15 May 2019
Legal & General bolsters its private credit business with two senior hires
LGIM Real Assets (LGIM RA) announces that it has made two senior appointments to support its growing Private Credit business, allowing us to further capitalise on the synergies that exist across our infrastructure, property and corporate credit businesses. Sarah Aitken has joined as Infrastructure Asset Manager and Amie Stow as Private Credit Product Specialist.
In 2018, the Private Credit Business, which encompasses real estate, infrastructure and corporate debt grew its AUM by £3.2 billion, bringing its gross AUM to £10.3 billion. The business has investments in Real Assets across the UK, Europe, Australia and the USA.
Sarah Aitken brings more than 20 years’ experience in portfolio management to LGIM Real Assets and reporting to Tom Sumpster, Head of Infrastructure. Prior to joining LGIM Real Assets Infrastructure business, Aitken spent 10 years at Lloyds Banking Group where she was Director, Portfolio Management, Infrastructure and Energy. In her new role at LGIM RA, Aitken will lead Asset Management within the infrastructure business, ensuring that post-execution, investment assets are monitored and managed to ensure the preservation of value for our clients.
Reporting to Katherine Laurenson, Director Legal & LGIM Real Assets Solutions, Amie Stow joins from Fidelity International where she was Investment Director, European Fixed Income and High Yield. In this role she oversaw the $18.5bn franchise across institutional, wholesale and retail assets. In this newly created role at LGIM RA, Stow will support the Private Credit Platform as it continues to diversify its internal and external accounts in segregated and pooled formats across key sterling, dollar and Euros, and in both Investment Grade to Non-Investment Grade.
Our established Private Credit platform allows us to further capitalise on the synergies that exist across our infrastructure, property and corporate credit businesses. Amie’s appointment is integral to the ambitious growth plans of the Private Credit Business. She will be instrumental in educating our client base, supporting the sales team with her specialist knowledge and working with investment and product development teams to secure new commitments.
Katherine Laurenson, Director of Legal & LGIM Real Assets Solutions at LGIM Real Assets
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. Earlier this year we announced that the infrastructure team had expanded its investment origination capabilities into equity, providing LGIM RA clients with a broader product offering. We are delighted that Sarah has joined us in this dynamic and demanding role, which will see her manage and monitor the on-going performance of investments across the infrastructure business.
Tom Sumpster, Head of Infrastructure at LGIM Real Assets