L&G appoints Tim Morris and Philipp Westermann as Global Co-Heads of Real Assets
28 JAN, 2026
By Joanna Piwko from RankiaPro Europe
Legal & General has appointed Tim Morris and Philipp Westermann as new Global Co‑Heads of Real Assets, strengthening its Asset Management platform and partnership with Proprium Capital Partners, of which it acquired 75% in May 2025
Thanks to the experience of the two managers, the group will extend its Infrastructure and Real Estate strategies in Asia, Europe and the United States, with the aim of strengthening the global offering in real assets and reaching 85 billion pounds of assets under management in private markets; the assets already exceed 70 billion.
“The entry of Tim and Philipp into L&G represents another important step in building a growing, simpler and better interconnected reality, which offers value to our customers and shareholders.”
António Simões, CEO of Legal&General Group
Roles and profiles of the new Co-Heads
Philipp Westermann will focus on the growth and alignment of Proprium Capital Partners, in addition to providing strategic direction and operational support to L&G's real estate investment sector, a key role for the development of Proprium after the acquisition.
Together, Morris and Westermann bring over 60 years of experience in real estate investments, also gained at Morgan Stanley, a global network of investors and a solid track record in creating and growing platforms in the private market.
For us, becoming part of L&G and leading the company's Global Real Assets proposal is a truly exciting moment. By combining Proprium's experience and entrepreneurial approach with L&G's size and capital, we will be in a prominent position to attract further flows from third parties and implement innovative and market-leading strategies in the Real Assets sector.
Tim Morris and Philipp Westermann, Global Co-Heads of Real Assets at L&G
