Henderson Global Investors has appointed Timothy Horrocks as head of its property business in Germany with immediate effect.
Horrocks, 45, is responsible for the distribution of Henderson’s property funds and its investment activities in Germany, Austria, Benelux and Scandinavia.
Since 2007 he has been head of Germany running the British asset manager’s office in Frankfurt, together with Michael Englisch, who, after almost seven years at Henderson, is leaving the company at the end of May to pursue other opportunities.
Horrocks has over 20 years experience in the European real estate sector and has held several executive positions at Henderson Global Investors since joining the company in 2001.
He was managing director of the joint venture company Warburg – Henderson and remains a member of the Supervisory Board of the Hamburg-based capital investment company. He is also a member of Henderson property’s executive management team.
Prior to Henderson, he worked for Deutsche Grundbesitz-Investment and Eurohypo, amongst others.
James Darkins, Managing Director of Henderson’s Property, said: “Since he joined Henderson in 2001 Tim has played an important role in building Henderson’s property business in Europe.
“With over €12 billion property assets under management our ambitions to grow the business remain strong, with Germany and Austria playing a key part in that. Tim is absolutely the right person to makes these ambitions real.”
Tim Horrocks said: “Since emerging from the worst of the economic crisis that saw asset valuations drop significantly throughout Europe we are starting to see values and investor appetite improving. We already manage over €1.5 billion assets across Germany and northern European and I look forward to building on this in my new role.”
