Swip appoints commercial director for real estate

Scottish Widows Investment Partnership (Swip) has appointed Peter Macpherson as the commercial director of its real estate team.

The former head of client services at ING Real Estate Investment Management is to start in the newly created position in late January.

However, Swip says Macpherson, who has 25 years’ investment experience in the sector, will focus on the firm’s institutional real estate business. (article continues below)

Swip has not mentioned any of his plans for the firm’s retail property offering.