Ian Cullen retires from MSCI

IPD co-founder Ian Cullen will retire from MSCI in December. [caption id="attachment_948748" align="alignright" width="150"] Ian Cullen[/caption] Cullen, along with Rupert Nabarro, was responsible for creating the first indices and benchmarks for the property sector, allowing it to be a comparable asset class to other major investment types. This included all technical aspects of the design and production of real estate indexes, client information services and related analytics. Cullen also expanded IPD’s operations to cover fund level indexes, built the world’s first pan-European and global property indices, and put in place the infrastructure required to support property index-based derivatives markets. IPD was sold to MSCI in 2012 and, while Nabarro retired, Cullen stayed on as a technical adviser. Baer Pettit, chief operating officer of MSCI, said: “Ian has had a long and distinguished career and I would like to thank him for his exceptional contribution to MSCI. “In addition, we appreciate his good work in 2012 to orchestrate a smooth transition of leadership following MSCI’s acquisition of IPD.” To send feedback, e-mail alex.peace@egi.co.uk or tweet @EGAlexPeace or @estatesgazette