People Moves
SWIP Makes Raft Of Changes To Real Estate Team

Scottish Widows Investment Partnership, the UK-based fund manager which is owned by Lloyds Banking Group, has added investment manager Geoff Hepburn to its real estate team, as well as making six internal promotions.
Hepburn joins from privately-held property company Hartwell, where he was development and investment manager, responsible for prime central London developments.
In his new Edinburgh-based role Hepburn oversees the management of Halifax Investment Fund Managers’ property fund.
SWIP also announced six internal promotions, elevating Ross Braithwaite, Paul Findlay, Veronica Gallo-Alvarez, Kerri Hunter, James McLean and Nick Smith to investment director from investment manager.
Braithwaite, Findlay and Gallo-Alvarez will join SWIP’s international real estate investment committee, while Hunter, McLean and Smith will sit on the UK real estate investment committee.
SWIP said that the changes came off the back of a year of “substantial growth” for its real estate team, the unit having grown its assets under management by close to 40 per cent from £6.1 billion ($9.6 billion) in 2010 to £8.5 billion in 2011.
In other recent changes, SWIP has just appointed Dr Lucy O’Carroll as its chief economist, bringing her over from its parent firm Lloyds, where she had been senior economist for the past two years.