Legal & General pushes into private debt market

Legal & General Investment Management (LGIM) is developing its private debt business with the appointment of Nicholas Bamber as head of Private Assets.

Bamber joins LGIM from Royal Bank of Scotland (RBS), where he was head of Corporate Coverage in the UK.

He spent over 20 years at RBS, in a number of high profile roles, including head of Private Placements and head of Investment Grade Corporate Debt Capital Markets for Western Europe.

He will report to Aaron Meder, head of Investment at LGIM.

In this newly created role, Bamber will be responsible for building LGIM’s private debt capabilities. The appointment is subject to regulatory approval.

Meder  said: “This is an important next step in our strategy to provide holistic end-to-end solutions for our customers. Demand for private debt is growing as investors look to lock into the enhanced yields that this asset class can offer over the term. Nick will focus initially on European private placements, but the ambition is to build a global business across currencies and asset classes.”

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