Legal & General Capital (LGC) has appointed Stephen Halliwell as its new chief financial officer (CFO).
LGC, which is the principal investment arm of Legal & General Group, invests in socially and economically useful enterprises including housing, infrastructure and SME finance. L&G said it was a key growth area for the group.
'The seniority of Stephen’s appointment and his infrastructure experience appropriately sets the tone for our ambitions at Legal & General Capital. We are unashamed disrupters and target aspects of the UK which need a capital boost to provide a social and economic benefit to society as well as a return. Our current focus is in housing, infrastructure and SME finance,' said Paul Stanworth, managing director of Legal & General Capital.
Halliwell was previously CFO at 3i Infrastructure plc, the FTSE250 group focused on UK and European infrastructure investments.
Halliwell added: 'It is clear that Legal & General Capital has been taking a fresh and significant approach to investing in key areas of the UK’s social and economic infrastructure. I relish the chance to be involved in this unique business at such an opportune time.'
