Jon Sims, an executive director of UK and European property fund and asset management group Teesland, is reducing his role at the company to become a non-executive director and to work park time.
He will continue to provide strategic advice for Teesland on the existing and new Teesland iOG fund products and will maintain contact with fund investors.
Chairman Kevin McCabe said: “John has made an enormous contribution to the rapid growth of Teesland.
“He as overseen the successful integration of iOG, the business he founded twenty years ago, into the group since its merger with Teesland two years ago.
“During his tenure as head of the industrial funds division, he has not only significantly increased our funds under management but also contributed to the excellent performance for investors in the funds.”
Sims added: “My single business focus over the past twenty years has been building the iOG brand and the UK and European asset management platform.
“This has facilitated the launch of five industrial funds, which today exceed £1.5bn.
“It is now time to pass on the day-to-day executive responsibility for these funds, and establish a greater balance between my work for Teesland and private family interests.”
References: EGi News 20/10/06
