Manager of the £460m Schroder Real Estate investment trust (SREIT) Duncan Owen will step down from his role as global head of real estate at Schroders REIM (SREIM) on 31 December.
Owen, who has managed SREIT since IPO in 2004, will become a special adviser to SREIM with a particular focus on the investment trust. He will continue to work closely with both the board and the investment team on the trust, including co-manager Nick Montgomery who will take over the trust's helm after he steps down. Schroders plans to launch 'fresh equity' trust to bolster public and private companies Montgomery, who has co-managed the trust alongside Owen since its launch, will not make any changes to SREIT's investment strategy and objectives, according to the board. It added that...
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