The newly appointed cio has been with the firm for 19 years and also serves as cfo, a partner and a member of its investment committee.
The partnership will further deepen Legal & General’s private markets capabilities in the U.S. as well as address investor demand for real estate equity exposure.
The duo will be responsible for driving the strategic direction and commercial success of the institutional business in the region.
The pension plan made $734.7 million in total private equity/current return commitments and $321 million in total real estate commitments in the third quarter.
The acquisition is expected to close in the first quarter.
The pension plan has committed $70 million to a new credit manager relationship.
The pension plan is seeking an executive search firm to assist with its executive director search.
The pension plan committed $17 million to an existing infrastructure manager relationship last week.
The pension plan terminated its domestic micro-cap equity manager last month due to underperformance.
The deferred compensation plan terminated a stable value fixed-income manager to improve its risk/return profile yesterday.