EXECUTIVE TEAM

Mike is Managing Director (Corporate Pensions). He has overall responsibility for LGIM's pension fund investment services and product development. Mike joined LGIM in 2004 and prior to this, worked with Aegon Asset Management as Director of Institutional Business and with Scottish Equitable Asset Management, initially, as an investment sales manager and subsequently as the director of Sales and Marketing. Mike has also previously worked with Schroder Investment Management, Standard Life and Guardian Royal Exchange.

Michael is Director of Marketing and since 2001 has been responsible for product development and marketing LGIM in the wholesale, institutional and non-pensions markets. His previous role with Legal & General was Retail Investments Director, where he was responsible for product development and marketing of the Group's range of retail investment products.

He joined Legal & General in 1988, after working for KPMG in London for four years.  Michael is a fellow of the Institute of Chartered Accountants in Ireland.

Barry is Managing Director, Index Funds and also Fund Director for a number of our major clients.  He joined Legal & General in 1971, gaining substantial pensions knowledge during his 14 years in the Actuarial Department. In 1985, he was appointed to the Investment Division to lead the newly created Index team.  Barry pioneered the development of equity index funds at Legal & General and was, until 2002, the fund manager of the flagship UK Equity Index Fund since its launch in 1987. He was appointed Director, Index Funds in 1989 and Managing Director, Index Funds in 2002.

Barry has a degree in Mathematics from London University. He is also a Fellow of the Institute of Actuaries and is a member of the FTSE Policy Group and chairman of the FTSE Nationality Committee.

Ali is the Deputy Managing Director - Index Funds, responsible for the management of all equity index products and the Central Dealing Desk at LGIM. Ali joined LGIM in 1995 from NatWest Securities, where he spent four years leading the Global Programme Trading Unit. Prior to this, Ali spent three years as Assistant Director of Index Funds at UBS Asset Management and four years as a Senior Quantitative Analyst at Wood Mackenzie Stockbrokers.

Ali holds a first class honours degree in Economics & Statistics from University College, London, and a Ph.D. in Stochastic Models of Investment from Heriot-Watt University, Edinburgh.   Ali is a member of the FTSE Europe/Middle East/Africa Regional Committee and is the Fund Director for a number of major clients.

Neil is Director, Index Funds and is responsible for all Bond Index funds and heads up the LGIM transition management service.  Neil joined Legal & General's actuarial pensions department in 1979.  His experience of the bond markets dates back to 1986, when he transferred to the Investment Division. Initially, he worked in the actively managed Bond team and was responsible for all aspects of cash management, including foreign exchange and futures and options dealing.  Neil then transferred to the Index Funds team in 1995 and took responsibility for all Bond Index Funds while overseeing the successful extension of our range of pooled Bond products.

Neil graduated with a Mathematics degree from Essex University. Neil is a founding member and Deputy Chairman of the FTSE Bond Indices Committee which oversees the FTSE Actuaries Gilts Indices.

Roger is Head of Active Fixed Income and is responsible for over seeing the operation of the active fixed income desk.  Roger joined LGIM in 2006 from Gartmore Investment Management where he was Chief Investment Officer, Fixed Income.  Prior to Gartmore, he was at Chase Investors as Head of Global Fixed Income and Deutsche Bank Capital Management (UK) as Chief Investment Officer, Fixed Income.

Roger graduated from London School of Economics with a Masters degree in Economics.

Mark is Head of Active Equities and is responsible for LGIM’s range of actively managed equities funds.  Mark joined LGIM in early 2003, from Head of UK Equity and Balanced Products for Deutsche Asset Management.  Prior to that, he was the UK Fund Manager at Morgan Grenfell from 1990 where he was managing money for a number of their larger clients.Before Morgan Grenfell, Mark was UK Fund Manager at Refuge Assurance, where he went on to manage their Growth and Income Unit Trusts.

Mark graduated from Keele University in 1986 with a degree in Philosophy and Economics.

Bill Hughes is Managing Director of Legal & General Property (LGP). He has overall responsibility for LGP which has funds under management of £13.2 billion (as at end September 2007). Bill joined LGP in November 2007 having previously held the position of UK Head of Real Estate at RREEF, the Real Estate Fund Management business of Deutsche Bank. Prior to that Bill was Deputy Managing Director and Head of Research at Schroder Property Investment Management. This followed positions at DTZ Research and JLW Fund Management Strategy.

Bill is an Associate of the Society of Investment Professionals, having passed the Institute of Investment Management and Research exams. He is also a member of the Investment Property Databank Consultative Committee, and a member of the Investment Property Forum Working Party on Global Investment Performance Standards. Bill has recently accepted the Vice Chairmanship of the Association of Real Estate Fund (AREF) and membership of the Advisory Editorial Board of Property Week.

Ivan is Chief Executive of LGV, LGIM’s private equity business. He joined LGV in 1990 from the corporate finance division of Price Waterhouse and has been actively involved with many investments since then.

Ivan has a first class degree in Mathematics from Clare College, Cambridge and is a member of the Institute of Chartered Accountants of England and Wales.

Andrew is Finance Director of Legal & General Investment Management (Holdings) Limited. He joined LGIM in 1997 as Investment Group Financial Controller and held several other senior positions within the finance department before being appointed to his current position in 2003.

Andrew has over 13 years experience in Investment Management, previously working at AMP Asset Management. Andrew is a Chartered Accountants of England and Wales and has a degree in Electrical and Electronic Engineering from Loughborough University.

Kevin is Chief Operating Officer.   Kevin joined LGIM in 2002 after spending two years as Chief Executive at Orbitex Investments Limited. Kevin has also held a variety of senior roles at HSBC Asset Management, Mountleigh Group Plc and Burton Group Plc.

Kevin is a qualified Chartered Accountant and has a BSc (Eng) in Metallurgical Engineering from Imperial College. He is also a Fellow of the Institute of Chartered Accountants of England and Wales.