Legal & General (L&G) has hired James Spencer-Jones from Cushman & Wakefield as its new Head of Real Estate Debt, Europe. Legal & General has established a new Private Credit Leadership Team to grow its Private Credit business.
As a result of the reorganisation, Calum Macphail will take on responsibility for Private Credit Investment in Europe, with Ed Wood retaining the equivalent role in North America. The Leadership Team will also include the regional sector leaders, reporting to Calum and Ed, respectively, who will take responsibility for co-leading their businesses on a global basis.
As part of this, James Spencer-Jones is joining the business on 1 June as Head of Real Estate Debt, Europe. James brings over 25 years’ experience working in the real estate industry, most recently as International Partner and Head of EMEA Debt and Structured Finance at Cushman & Wakefield. Prior to this, James spent six years at GE Capital, as Managing Director and Head of Debt Origination and Asset Management, Europe. He has a proven track record of establishing and successfully building small but highly profitable debt origination teams across the UK, Ireland, Europe and Asia.
Will Devenney, Head of Infrastructure Debt, Matt Taylor, Head of Alternative Debt and Steve Bolton, Head of Corporate Debt also join the Leadership Team in Europe, reporting to Calum Macphail. In North America, Charles-Henry Lecointe, Head of Infrastructure Debt and Brian Schwartz, Head of Real Estate Debt will report to Ed Wood.
”As we continue to build and grow the Private Credit business for the future, we have repositioned the team to sharpen the focus on the opportunities available across each of the market sectors. The newly established Private Credit Leadership Team comprises experienced regional and sector leaders that reflect the depth of talent and expertise that we now enjoy,” said Nicholas Bamber, Global Head of Private Credit.
”Each part of the business has real potential for growth in terms of clients and investment opportunities that will drive our assets under management. These opportunities exist across the credit spectrum in secure, stable assets, enabling large insurance companies and pension funds to achieve diversification of their portfolios, improve the structures and seek additional yield. With a top tier global team in place, we can widen the scope of investment opportunities for our clients, both internal and external.”