Russell makes L&G comeback
Mark Russell has returned to Legal & General Property as fund manager for the £750m L&G Managed Pension Fund. The fund is LGP’s longest established and has 300 investors. It spent £275m last year, after taking in more cash. Russell worked on LGP’s Linked Life Fund from 2000 to 2006. He recently worked at Prestbury.
Clark in line for IPF role
Phil Clark, European head of property investment at Aegon Asset Management, will become IPF vice-chairman in June, when John Gellatly of Aviva takes over as IPF chairman. Ian Womack of Aviva Investors and Fiona Morton of Ryden have been awarded life membership. They formerly chaired the IPF and IPF Scotland respectively.
Silcock moves to Santander
Former RBS banker Tony Silcock has joined Santander Corporate Banking as relationship director for property finance in the West Midlands, based in Birmingham in the team headed by regional director Keith Webb. Last year Santander increased its number of Regional Corporate Banking Centre relationship managers and support staff by 125 people.
Orchard Street adds partner
Former Brookfield MD John Humberstone has joined Orchard Street Investment Management as the firm’s sixth partner. He left Brookfield last summer along with fellow MD Scott Parsons, now at Lloyds. Orchard Street chairman Chris Bartram said Humberstone’s capital markets and banking contacts would make him a deal-maker for workouts with banks.