Legal & General Capital (LGC), the principal investment arm of Legal & General Group, has appointment of Stephen Halliwell as its new CFO.

Previously, Halliwell was CFO at 3i Infrastructure plc, the FTSE250 group focused on UK and European infrastructure investments.

Having been at 3i since 1998, Halliwell played an integral part in the firm’s growth from the IPO of 3i Infrastructure plc in 2007.

He managed the operational, financial and reporting requirements for 3i’s Infrastructure business, with £2.5bn of assets under management.

Halliwell’s experience also includes acting as group finance director for 3i Group during 2009 and 2010. He previously held the position of head of financial planning and analysis for 3i Group prior to the listing of 3i Infrastructure plc.

Legal & General Capital managing director Paul Stanworth said: “The seniority of Stephen’s appointment and his infrastructure experience appropriately sets the tone for our ambitions at Legal & General Capital. We are unashamed disrupters and target aspects of the UK which need a capital boost to provide a social and economic benefit to society as well as a return.

“Our current focus is in housing, infrastructure and SME finance. We have been building a best-in-class team with the depth of expertise to support our growth trajectory, and Stephen’s arrival is a major boost to our plans.”