LGIM Real Assets (Legal & General) said on Wednesday that it has promoted Simon Russian to head of Retail.
LGIM said that Russian’s new role forms part of its strategy to ensure that it continues to challenge retail market conventions and adopt a fresh approach to managing its portfolio so that it meets current and future shopper’s requirements. He will be supported by an established team of 30 retail specialists.
Reporting to Michael Barrie, head of Fund Management, Russian has more than 20 years of retail experience. He was most recently in charge of delivering The Lexicon Bracknell, a £240 mln retail and leisure town centre destination in Berkshire.
He will lead the retail team and be responsible for taking a strategic and holistic view on all Legal & General’s retail assets to identify areas for change and innovation, ensuring that it creates long-lasting schemes that improve the urban environment.
Legal & General has committed almost £400 mln (€445 mln) this year alone into improving and evolving its retail destinations for its consumers.
