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The pension fund is seeking U.S. residential real estate managers to handle at least $50 million.
The newly appointed cio has been with the firm for 19 years and also serves as cfo, a partner and a member of its investment committee.
The partnership will further deepen Legal & General’s private markets capabilities in the U.S. as well as address investor demand for real estate equity exposure.
The plan adopted a new target to private equity earlier this year.
The retirement system authorized its cio to terminate several public markets investments last month.
The searches result from a new domestic equity structure.
The duo will be responsible for driving the strategic direction and commercial success of the institutional business in the region.
The plan also removed a manager from the watch list.
The firm has closed its eleventh fund at its hard cap of $4.5 billion.
The plan’s core-plus fixed-income mandate assets have been redistributed to other bond managers.
