Legal & General Makes Two Key Property Fund Manager Appointments

LGIM Real Assets (Legal & General) announces the appointments of Rob Codling as Fund Manager to its flagship £3.2 billion Managed Property Fund and Ali Farrell as Fund Manager to its £500 million segregated mandate fund.

The two appointments are both internal promotions, demonstrating the ability of the business to retain and bring talent up through its ranks.

Rob’s appointment follows a highly successful career at Legal & General since joining the business in 2012, and previously at Jones Lang LaSalle (JLL) where he worked as an asset manager to L&G’s Industrial Property Investment Fund.

As a high performer, Rob has continued to be promoted through the business and moves across from the role of fund manager to a large segregated account, which he has successfully steered since 2017. In this role he has been an integral part of the wider real estate platform in idea generation and shaping the UK property market strategy in conjunction with our in-house research and ESG team.

For Legal & General’s flagship Managed Property Fund, Rob will continue to drive its robust performance and diversify its portfolio into key growth areas, with a particular focus on alternatives and operational assets.

As a result of Rob’s move, Ali Farrell will take over the role of Fund Manager to Legal & General’s segregated mandate fund, having been promoted from Assistant Fund Manager of the Managed Property Fund.

Ali joined LGIM Real Assets as a Senior Asset Manager in 2015 and has demonstrated high performance since her initial appointment. In her new role, Ali will continue to deliver further success for the segregated mandate fund.

Both Funds invest in freehold and leasehold property across the UK in all major asset classes. Despite the current economic climate, the funds have continued to selectively invest in areas which retain strong fundamentals.

Michael Barrie, Director of Fund Management at LGIM Real Assets, said: “As we continue to build and diversify our real estate platform, in addition to continuing to attract strong and complementary skills to the business, we also recognise the importance of retaining and developing existing talent, rotating high performers through senior, strategic roles across our mandates. Rob and Ali have significant track records in driving forward positive performance and will be integral to the continued success of these highly important funds.”