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L&G adds three senior hires to private credit team

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Legal & General has made three senior appointments for LGIM Real Asset’s private credit business.

Calum Macphail and Tom Sumpster join the London office as head of corporate private credit and head of infrastructure debt, respectively, and Ed Wood joins the Chicago office as head of US private placements. 
 
Reporting to head of private credit, Nicholas Bamber, these new hires support the consolidation of the private credit platform as a single cohesive operation within LGIM Real Assets. They are supported further by a number of more junior hires. 
 
LGIM Real Assets, headed up by Bill Hughes, has AUM of GBP23.2 billion actively investing and managing assets across commercial property, private residential and private credit.
 
Macphail joined in January from M&G, where he was head of private placements, and brings over 20 years of experience in private corporate credit. 
 
Sumpster joins from Royal Bank of Canada (RBC), where he was head of acquisition finance.
 
Wood was previously with Bank of America Merrill Lynch’s debt private placement group and will lead the charge in developing L&G’s private credit business in the US in supporting the global corporate and infrastructure portfolios for L&G’s clients.
 
Bamber says: “There remains significant demand for high quality private credit across each of the corporate, infrastructure and property asset classes, enabling large insurance companies and pension funds to achieve diversification of their portfolios, improve the structures and seek additional yield.  We will continue to invest in new talent and to widen the scope of investment opportunities for our clients.”
 
Hughes says: “Demonstrating L&G’s continued commitment to growing the integrated investment solutions it offers its extensive customer base, these senior hires allow us to further bolster our investment capabilities in new emerging sub-sectors while also capitalising on the synergies that exist across our infrastructure, property and corporate credit businesses.”

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