LGIM adds three to private credit team

An ex Blackstone director is among new senior private debt hires at LGIM’s Real Assets division.

Legal & General Investment Management (LGIM) has made three significant appointments to its private credit business to support further growth of the business.

Lorna Brown joins as head of real estate debt EMEA, Stuart Hitchcock has been appointed as a senior portfolio manager and Matthew Taylor hired as a senior investment manager for corporate private debt.

Brown has 20 years’ experience and most recently worked at Blackstone Real Estate as managing director where she was responsible for sourcing, evaluating and managing real estate investments across Europe. At LGIM she will be responsible for developing the scope of the real estate debt business for both internal and external clients.

Hitchcock joins from New York Life Investors where he was managing director and responsible for establishing the firm’s London office for its activities outside of North America.

Taylor comes from HSBC where he was a director responsible for corporate securitisations within its structured bonds team. He has over 20 years of experience in finance and will focus on sourcing structured assets to achieve secure income growth for LGIM clients.

Brown and Hitchcock will each report to LGIM’s head of private credit, Nicholas Bamber, while Taylor will report to Calum Macphail, head of corporate private credit.

“These senior hires will help us to grow the integrated investment management solutions we can offer for our customer base, bolstering our investment capabilities in new emerging sub-sectors,” said Bamber.

The firm’s private credit platform sits within the LGIM Real Assets Division, which manages about £7 billion (€7.95 billion) of private credit assets. It deployed £2.7 billion of new money in 2017 across infrastructure, corporate and real estate sectors in the UK, US, EMEA and Australia.