Malcolm Naish is stepping down from his role as head of real estate at Scottish Widows Investment Partnership.
Naish, who joined the investment manager in October 2007, will retire next month.
SWIP said it would make an announcement regarding the structure of the team in June.
SWIP is the UK’s fifth-largest property fund manager, with assets under management of £8bn.
During Naish’s five-year tenure, SWIP won a mandate to manage £2.4bn of property for parent company Lloyds Banking Group from Invista Real Estate Investment Management, and also established the Pan-European Urban Retail Fund with Cushman & Wakefield Investors.
Naish said: “Knowing that the SWIP Real Estate business is in excellent shape, and in the hands of a strong and highly-experienced team, has made it possible for me to realise my ambition to take early retirement.
“The past few years have been both professionally challenging and thoroughly enjoyable. I feel privileged to have had the opportunity to lead and help shape a great team, and am looking forward with relish to the next phase of my life.”
Dean Buckley, SWIP’s managing director, said: “Malcolm has overseen not just one of the most significant periods of growth for SWIP’s real estate team, but also one of the most unprecedented periods in the UK commercial property market.
“To successfully grow the business during a period where property market values have fallen significantly is a tremendous achievement and testament to not only Malcolm’s drive, experience and expertise, but also to the hard-working and professional team of people he has working with him.”
bridget.oconnell@estatesgazette.com
