A trio of AXA managers have joined Royal London Asset Management (RLAM) as the group brings in-house a £1.6bn property portfolio it has acquired since taking over the Co-operative Asset Management.
RLAM has taken control of the property assets from AXA Real Estate, which had previously been running the Co-operative Asset Management's property funds on an outsourced basis. The transfer will expand the team's commercial property remit from £3.4bn to over £5bn. Three former members of the AXA Real Estate team have joined RLAM to support the existing team in managing the new volume of assets. Daniel Shepherd and Yasin Sadiq have become senior asset managers, with Shepherd working on the office and industrial portfolio and Sadiq working on retail property. Anita Maslin has also...
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