Kevin Aitchison, chief executive of ING REIM UK since October 2008 will leave the company at the end of November after the merger of ING REIM and CBREi into the new CBRE Global Investors.
It was announced earlier in the year that Jean Lamothe would be running the combined UK business of CBRE Global Investors post-merger.
Aitchison has continued to run the ING REIM UK business during the lead-up to full integration to ensure a smooth transition on change of control, but decline to take up a key role in the new firm.
Pieter Hendrikse, chief executive of CBRE Global Investors EMEA, said: “The integration of the UK business into the European region, combined with the continued strength of client relationships in the UK during a difficult time in the market, have been very much down to Kevin’s leadership.
“We were very keen for Kevin to remain with the company and, as sorry as I am to see him leave, I know that he leaves in place an organisation that is well placed and well poised for the next stage of its development. I thank Kevin for all he has done and wish him every success in his future career.”
Since joining the company in June 2000, Aitchison has worked in its Pooled Funds team and headed the Segregated Accounts business before taking over as CEO.
As CEO, he oversaw the restructuring of the UK business following ING’s strategic review of ING REIM, the integration of ING REIM UK into the European region and its preparation for sale to new owners. ING REIM UK made news in August 2010 when it was appointed one of the two investment advisers to EPF, the Malaysian State Pension Fund, to invest up to £1bn in the UK property market.
Bridget.oconnell@estatesgazette.com
