Prior to joining Fifth Third, Mike spent three years as the sole in-house M&A advisor at Teradata Corporation, a publicly traded big data analytics company with global operations. There, he led legal support for Teradata`s domestic and international mergers and acquisitions, strategic investments and divestitures. Mike Powell is Senior Vice President and Deputy General Counsel at Fifth Third Bank, responsible for overseeing mergers and acquisitions and strategic investments, securities, corporate insurance, wealth and asset management and retail brokerage at Fifth Third Bank. This investment follows several years during which Legal & General`s commitment to regional development and renewal has grown rapidly. Through dynamic partnerships with the public and private sectors to boost the regional economy, Legal & General has so far invested more than £30 billion in direct investments such as clean energy, transport infrastructure and apartment buildings. The £200 million BTR development on Central Quay will offer residents a unique range of waterfront living in the city centre. The development will consist of a mix of 1-, 2- and 3-bed studios and will include facilities such as a concierge, lobby, gym, gardens and terraces, as well as approximately 19,500m² of leisure and retail space. Cardiff is one of the leading places to live, work and invest in the UK, and today`s announcement is part of Legal & General`s world-class renovation project – and makes Legal & General the city`s largest investor. This development is being carried out in partnership with Watkin Jones and Rightacres, the landowner. Industry voice: Improving pension outcomes – it starts with a boost. University of Texas School of Law (JD, magna laude, 1974); University of Texas at Austin (M.A., Public Administration, 1972); Founded in 1836, Davidson College (AB, 1968) Legal & General is one of the UK`s leading financial services groups and a major global investor with over £1.4 trillion in assets under management*, a third of which is international. We also offer powerful asset creation capabilities.
Together, they underpin our industry-leading pension and security solutions: we are a leading international player in pension transfer, life insurance in the UK and the US, and occupational pensions and retirement income in the UK. Through inclusive capitalism, we want to build a better society by investing in long-term assets that benefit everyone. Legal & General Modular Homes selected as preferred developer for major Wolverhampton residential development Canalside South Central Quay is Legal & General`s third transaction in the last 18 months with rental specialist Watkin Jones, who brings both client knowledge and expertise in providing sustainable housing in key renovation locations. Fellow, American College of Trial Lawyers, Board Certified, Texas, Civil Appeals Law Mike received his bachelor`s degree in journalism summa laude from the University of Missouri-Columbia School of Journalism and his law degree from Harvard Law School. TPO upholds Smart`s membership complaint against employer Mr. Powell has years of experience as a litigation and appellate lawyer. Works on litigation and appeals relating to the oil and gas industry, water law, aviation, product liability and other complex contracts, tort, professional misconduct, legal and constitutional disputes. Experience handling class actions and appeals in federal and state courts. Legal & General Investment Management Real Assets (LGIMRA) is a division of Legal & General Investment Management (LGIM), one of Europe`s largest institutional asset managers and a major global investor. LGIM manages £1.28 trillion in assets (as of 31 December 2020) and works with a range of global clients including pension schemes, sovereign wealth funds, fund distributors and retail investors.
The value of an investment and any income derived from it are not guaranteed and can fluctuate down or up, you cannot recover the amount you originally invested. Past performance is no guarantee of future results. You should consult with an independent investment advisor before making an investment to determine if it is right for you. Legal & General (L&G) today announced that it has invested an additional £200 million in Cardiff to deliver 715 Build to Rent (BTR) apartments on the former Brains brewery site on Central Quay, prominently displayed next to Cardiff Station. Our £1 billion investment in real assets in Cardiff reflects what patient investments can achieve. Together with our partners Rightacres Property, Cardiff City Council and the Welsh Government, we have transformed Cardiff Central Square by not only changing people`s first impression of the city, but also transforming Cardiff in the long term. We are proud to lead this world-class regeneration and highlight the city as one of the leading places to live, work and invest in the UK. Legal & General is committed to stimulating regional economic growth in order to improve living conditions and achieve exceptional social outcomes.
It uses long-term UK pension money to invest in UK cities, creating jobs, diversified, quality housing and better infrastructure. This increases productivity and, in turn, creates vibrant communities where people can live longer, healthier and happier lives. The provision of the 715 apartments in Central Quay will facilitate job growth and strengthen L&G`s role in the urban renewal of the city centre. Investment. Legal & General`s investment in Central Square has been one of Cardiff`s key drivers to become one of the UK`s fastest growing employment hubs – when completed, it will make way for 13,000 new jobs. The provision of an additional 715 BTR apartments, as announced today, will facilitate this path of employment growth and build on the long-standing role Legal & General has played in the urban renewal of the city centre. As the UK prepares for economic recovery, there is a need for more investment in our regional cities, particularly to create new housing. The rental construction sector plays an important role in this regard, providing additional net housing that would not otherwise exist. Mike also spent ten years in Washington, D.C., where he worked in the DC offices of two major Midwestern companies, Baker Hostetler and Dickinson Wright. Partner 1980-2016; Lawyers, 2017-present. Assistant Professor of Water Law, 2019-2021, SMU Dedman School of Law Since joining Fifth Third in December 2017, Mike has facilitated the successful completion of more than 60 strategic mergers and acquisitions and investment transactions, including the May 2019 merger with MB Financial Bank, N.A.
valued at $4.7 billion. Fifth Third`s largest since its acquisition of Old Kent Financial Corp. in 2001. Since the beginning of 2021, Legal & General has committed £900 million to seven new BTR projects in the UK, completed two transactions in London and initiated new developments in Southampton, Birmingham, Glasgow and Hove. This investment in Cardiff offers the opportunity to strengthen Legal & General`s role in the urban regeneration of the city centre and to develop much-needed housing to meet the growth in jobs created. The development will provide young professionals with a new opportunity to live, work and play in a waterfront environment. LGIM Real Assets continues to drive ESG performance from a long-term perspective to future-proof our investments, addressing all environmental, social and governance issues at the asset and portfolio level. In 2021, we are implementing a strategy as part of our commitment to achieve net-zero carbon emissions across real estate equity activities by 2050 and we have also committed to measuring the social value of more than 20% of our platform by the end of the year. LGIM Real Assets manages £36.3 billion in assets (as of 31 December 2020) and is one of the UK`s largest private markets investment managers.