Aviva Investors has named a new chief investment officer of its £47.3bn real assets division, after Mark Versey stepped up to become group chief executive.
Daniel McHugh, managing director for real estate, will report to Versey in the new role, which will see him oversee real estate, infrastructure and private debt.
McHugh has worked at Aviva Investors since April 2018, leading the firm’s direct investment activity in the asset management, development and transaction teams. Before joining Aviva he was head of continental European real estate investment at Standard Life Investments.
His successor as managing director, real estate, has yet to be named. For now, James Stevens, head of development for global real estate, will lead the team.
“I am delighted that we have promoted one of our own to the role of CIO for real assets, which is central to our commercial strategy and an area we continue to see strong demand from our UK and international clients,” said Versey. “Daniel has an exceptional investment pedigree, with a relentless focus on clients and delivering strong performance.”
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