Oxford University Development appoints new CEO
Legal & General and Oxford University have appointed Anna Strongman, the current Managing Partner of UK property developer Argent LLP, as the new CEO of Oxford University Development (OUD).
In June 2019, a major partnership was announced between the University of Oxford and Legal & General, leading to the creation of OUD. The partnership will enable the University to move forward with its commitments to develop accommodation for staff, students and key workers, as well as innovation districts, all of which are key objectives in the University’s current five-year Strategic Plan. The OUD’s first project is focused on redeveloping university graduate accommodation at Court Place Gardens. It has been consulting with the local community in order to bring forward this major scheme.
As funding and development partner for the University, Legal & General’s Future Cities business will provide up to GBP4 billion of financing over the next ten years from Legal & General’s shareholder, annuity and LGIM-managed funds, driving forward its objective of creating inclusive growth in UK towns and cities. Legal & General has invested over GBP26 billion in direct investments that support urban regeneration, clean and low cost energy, homes and infrastructure across the UK, in cities such as Cardiff, Newcastle and Sheffield. Using its varied capital streams to reshape the urban landscape, Legal & General is providing the investment needed to help cities adapt, change and innovate. Legal & General invests in real assets, creating real jobs and real economic growth for our communities. It is also creating the secure, stable long-term returns that will help it pay the pensions of future generations.
Anna Strongman will take up her new role in September 2020.
Anna Strongman, Managing Partner at Argent LLP and future CEO of Oxford University Development (OUD), says: “I am delighted to take up the role as CEO of OUD. The Joint Venture is an exciting partnership with significant potential. I can’t wait to get started.”
John Cummins, MD of Future Cities at Legal & General Capital, says: “We very much look forward to welcoming Anna to the OUD team. Her diverse experience working on some of the country’s most iconic regeneration schemes will be an asset to the partnership, helping to create positive outcomes for people living, working and studying in Oxford.
“L&G’s partnership with Oxford University will play a key role in the city’s post-crisis recovery, creating new opportunities for employment, accelerating growth in key industries and providing much-needed affordable housing. Through L&G’s varied capital streams, we will continue to help re-build local towns and cities across the UK, recycling pension funding into schemes that are socially as well as economically useful.”
Dr David Prout, Pro-Vice-Chancellor (Planning and Resources) at Oxford University, says: “Anna is a key appointment who brings with her a wealth of experience in some of the largest property developments in the UK, and whose insight and guidance will be key to ensuring that these important new developments are a success.
“It is encouraging to see that just a year after it was formed, OUD is already making steady progress with its work, which will be transformative for both the University and the city.”
On the departure of Anna Strongman, Robert Evans, Executive Director of Argent LLP, says: “Anna has done an outstanding job for over 12 years across a variety of roles and the company would like to say thank you for her passion, commitment and leadership. While we are sad to see her leave, we know that Anna will make a tremendous CEO for the Oxford University Development and we wish her every success.”