UK - Pension fund property manager Legal & General Property has restructured its senior management team by appointing a new director to oversee its range of funds.
LGP, a subsidiary of Legal & General Investment Management, has promoted Michael Barrie to director of fund management following Helen Gordon's departure. Barrie was previously F&C Property Asset Management director until 2005 when he joined LGP.
The firm has also promoted Nigel Fuller to senior fund manager of the Life Fund, Gordon Aitchison to director of transactions and development and Charlie Walker to director of business development.
LGP managing director Bill Hughes said: "Following a period of significant growth and the strategic strengthening of LGP's in-house resources, we believe that the careful realignment of our platform will help to consolidate our strengths and continue to embed a model that has demonstrated the scope to deliver outperformance across the business."
LGP closed its recently launched £475m ($765m) UK Property Income Fund last week after raising equity from 14 major international institutional investors.
The firm currently has 17 separate funds and two segregated mandates and manages assets of £10.3bn, the third largest property asset base in the UK.
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