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Scottish Widows Investment Partnership Hires Five For Real EstateTeam

Eliane Chavagnon 14 October 2011

Scottish Widows Investment Partnership Hires Five For Real EstateTeam

In a bid to boost the growth of its real estate team, Scottish Widows Investment Partnership has appointed five Edinburgh-based investment managers.

The hires follow the recent increase in SWIP’s real estate assets under management, which grew to £8.5 billion ($13 billion) earlier this year. SWIP’s real estate business is fast-growing and dedicated to AuM expansion, the firm said.

Veronica Gallo-Alvarez joined SWIP in June from Invista Real Estate Investment Management. During her time at Invista, Gallo-Alvarez’s main responsibility was to manage the Clerical Medical Non-Sterling With Profits Property Fund - which she continues to manage. She reports to Robert Matthews.

Tom Elviss was formerly senior surveyor in the national investment team at global real estate advisor DTZ and he also previoulsy worked in the investment agency team at UK firm Jones Lang LaSalle. He joined SWIP in July and helps manage the Halifax Unit Linked Life Fund. He reports to Cameron Murray, investment director in the wholesale real estate team.

Nicola Campbell joined in August following her role as UK investment director and fund manager for the Retail Plus Property Trust and Performance Property Trust at Hunter Property Fund Management. At SWIP she is involved in managing the Clerical Medical Managed Fund. She reports to Nick Ireland, investment director in the institutional real estate team.

The fourth appointee, Elaine Hughes, previously worked at UK real estate advisor CB Richard Ellis, where she was director of the professional services team. She now works on SWIP’s Property Trust and reports to Gerry Ferguson, head of the firm’s wholesale real estate team.

Lastly, Oliver Lord joins from UK property investor F&C REIT, where he was assistant fund manager. Lord is set to start his role at SWIP later this month and will help manage the Clerical Medical With Profits Fund. He will report to Darryl Tidd, investment director in the institutional real estate team.

SWIP’s assets in real estate hit £8.5 billion following its appointment to manage £2.4 billion ($3.8 billion) in new assets for the insurance division of UK Lloyds Banking Group. These assets were transferred from Invista to SWIP in May this year.

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