LGIM announce new head of annuity transactions
LGIM Real Assets (Legal & General) has announced that it has appointed Neil Dovey as Head of Annuity Transactions, to lead on sourcing more strategic investment opportunities for its long income funds.
A key hire for LGIM Real Assets, Dovey joins from GVA where he was Head of Capital Markets. In his new role he will be working on sourcing new deals for Legal & General’s long income funds, the Annuity Fund and the LPI (Limited Price Inflation) Income property Fund. The type of deals will include sale and leasebacks, pre-let development, income strips and ground leases.
Dovey will play a key role in Legal & General’s commitment into investing its long-term capital into real assets which are economically and socially useful. He joins a market leading transactions team with an established reputation and strong track record in sourcing long-income deals.
Gordon Aitchison, Director, Head of Transactions at LGIM Real Assets, commented: “We are delighted to have made such a high-profile hire in Neil for this senior role and are thrilled to have him on board. His experience in funding, advising local authorities and creation of annuity stock make him ideal for the role. Neil will ensure that we continue to source clever deals and work closely with the public sector to create new high quality assets that we want to own for the long term.”