After 17 years at Henderson, heading the Global Property Equities team since 2004, and after 34 years in the property industry, Patrick Sumner will be retiring from Henderson Global Investors at the end of June this year. He was instrumental in starting the European, Asian and Global strategies, which today amount to more than $2.7 billion.
Guy Barnardand Tim Gibson will take over as co-heads of Global Property Equities. Guy is based in London and has been co-manager of the $1.2 billion Henderson Horizon Global Property Equities Fund since November 2008 and manager of the $600 million Henderson Horizon Pan European Property Equities Fund since September 2010. Tim is based in Singapore and manages the $350 million Henderson Horizon Asia Pacific Property Equities Fund. Tim will join Guy as co-manager of the Henderson Horizon Global Property Equities Fund. In addition, Guy and Tim will continue to manage other regional and global funds.
At the same time the team has been strengthened with the two appointments, one to be based in London and one in Singapore. Nicolas Scherf will join in London as portfolio manager, where he will take on responsibility for certain European portfolios and will assist in the running of the Henderson Horizon Pan European Property Equities Fund. Nicolas joins from Cohen & Steers Capital Management where he spent over 6 years as a property securities investment analyst.
Xin Yan Low will join as an analyst on the property equities team in Singapore. She spent the last six years at Bank of America Merrill Lynch as an equity research analyst covering Asia property equities. She will work with Tim Gibson and alongside existing analyst Yan Ling Wong on the Henderson Horizon Asia Pacific Property Equities Fund and on the Asian portions of other property equity portfolios. Both will start in the 2nd quarter of this yea
Tim Gibson adds, “With investors increasingly looking for alternatives to fixed income, we feel the listed property sector, with an attractive and growing income stream, is well placed for the years ahead. Guy and I look forward to building on Patrick’s success and working with our clients to develop the team and franchise further in the years ahead”.