Liewen Chan

Lead 17+ team of highly skilled investment professionals across wide range of investment disciplines including portfolio management and oversight, asset structuring, risk sharing and credit ratings.

Responsible for:

Developing and implementing investment strategy for c.£10bn strategic portfolio to optimise risk adjusted returns and support delivery of L&G Group strategy to grow the Private Markets business, a key pillar of the Group's growth ambitions.

Portfolio construction and management, investing across diverse asset classes in both public and private markets, encompassing debt, equity, and property in developed and emerging markets

Structuring c£15bn private market assets for UK insurance Matching Adjustment portfolio while ensuring optimisation of credit ratings.

Development and execution of innovative risk sharing initiatives to achieve capital efficiency, maximise returns and create balance sheet capacity for other risks. Initiatives include commercial and residential real estate equity, and CLOs.

Provision of investment advisory and strategic asset allocation services to non UK affiliates

Strategic partnership with L&G Asset Management and other affiliated asset managers, to grow the businesses in line with L&G Group's publicly stated financial targets by enhancing third-party capital fund offerings; LP lead on all Asset Management M&A opportunities; and development of investment framework used by L&G Group to support and prioritise business growth initiatives.

Key member of investment leadership team overseeing c£80bn+ UK and international annuity and surplus assets, and 70+ global investment professionals.

Board and Committee Membership:

• Investment Committee Member for Institutional Retirement global business in UK, US and Bermuda for assets backing liabilities and surplus.
• Member of L&G Group Liquidity and Treasury Oversight Committee: decision making body overseeing L&G Group funding and liquidity
• Board Member of Suburban BTR LLP: investment property holding company of build to rent assets
• Board Member of L&G Capital Investment Management Limited: entity responsible for internal asset management investment mandates
• Management Committee Member for Legal & General Euro Mortgage SPV LLP and Legal & General Lifetime Mortgage Structuring SPV LLP, responsible for overseeing day-to-day management of SPVs, including approval of internal Solvency II compliant note structures to transform UK lifetime mortgage (LTM) assets and Dutch lifetime mortgage assets into matching adjustment eligible notes
• Member of Asset Management Investment Committee for European Real Estate Equity to govern acquisition of seed assets for Asset Management's first fund launch of its special opportunities real estate private equity fund

Member of Legal & General Capital (LGC) Senior Executive Team leading business growth by investing c£7bn in private market assets to drive societal benefit and meeting ambitious financial targets over 5 year plan. Building new business platforms across variety of sectors including clean energy, residential and commercial real estate, venture capital, GP acquisitions and private credit.

Managed team of professionals overseeing c£5bn balance sheet comprising listed and private market assets across debt, equity and property. Built asset structuring and credit rating capability to develop and structure c£15bn private market investments into matching adjustment compliant assets for UK balance sheet portfolio backing pensioners liabilities. Played key role in M&A transactions to buy asset managers and provide LP capital to support growth, representing LP transaction lead.

Committee and Board Membership:

• Served as member on various LGC committees including Executive Committee, Investment Committee, Performance Committee, Risk Committee, Sustainability Committee, Operations Committee
• Member of L&G Group Treasury Oversight Committee, decision making body overseeing L&G Group's funding and liquidity position
• Regular attendee of Group Asset Liability Committee
• Board Member of L&G Affordable Homes Limited, registered provider of affordable and social housing focussing on setting strategy and management oversight (now resigned).
• Board Member of L&G Affordable Homes (Capital) Limited, and L&G Affordable Homes (Development 3) Limited (now resigned).

Other roles within LGC include: Investment Portfolio Director, Head of Portfolio Management, Portfolio Manager, reflecting promotions throughout the period.

• Led team of skilled tax professionals to deliver tax advisory, compliance and reporting services for L&G Group.
• Served as lead industry representative during Solvency II regulatory changes.
• Collaborated with industry leaders and HM Treasury to establish new tax regime under Solvency II.
• Led major tax advisory projects which resulted in multi million pound savings
• Led major operational projects to automate year end tax reporting reducing end to end process from 30 days to 2 days

Specialised in Financial Services Tax within KPMG Graduate Programme.
Mentored new trainees to facilitate smooth onboarding and integration.
Recognised as outstanding employee multiple times for exceptional performance.