Standard Life Investments veteran Andrew Jackson is leaving the firm to pursue other interests, leading to a reshuffle of the asset manager’s real estate team.
Jackson, who has been at the firm for 25 years, has resigned from his role as SLI’s head of wholesale and listed real estate funds.
Following his resignation, current SLI fund managers Svitlana Gubriy and James Britton will be appointed as head of global Reit funds and global real estate funds respectively.
Gubriy, who joined SLI in 2005, is currently fund manager for the global Reit focus Sicav fund and deputy fund manager on the global Reit unit trust. She will now be made fund manager of the unit trust.
Britton, who joined the company in 2006, is fund manager of both the Unit Linked Life fund and the advisory South Yorkshire Pensions Authority mandate.
SLI head of real estate David Paine says: “Andrew has made a significant contribution to the team over 25 years at Standard Life Investments. Starting in property research he has held a number of roles within the team.
“He played a key role in creating the innovative Global Real Estate fund as well as the development of our global Reit funds and the management of the team responsible for both SLIPIT and the SLI UK Property fund.”
Jackson will remain at the asset manager until October.
SLI manages £18.2bn of assets in direct real estate, public listed real estate and real estate debt.
However, the asset manager has been among a few firms switching the pricing structures of their UK property funds in response to outflows.
Last week, SLI said its funds had seen “broadly neutral to slightly negative cashflows” and it expected the trend to continue in the coming months.