ING Real Estate announces that, for family reasons, David Blight has made the decision to resign from the Management Board and as Chief Executive Officer of its Real Estate Investment Management business and return to Australia. He will be leaving the company at the end of August 2008 but will remain connected with ING Real Estate in his role as a non-executive Director of the Australian listed funds.
Commenting on the announcement David Blight said: "It is with much regret that I have tendered my resignation, but have done so for family reasons and in order to relocate back to Australia.
I have greatly enjoyed my time at ING Real Estate - it is a truly great company with extremely talented people - and it is pleasing to leave knowing the business is in good shape. I look forward to continuing to work with the company in my role as a director of its Australian listed funds."
George Jautze, Chief Executive Officer of ING Real Estate, added: "I am saddened by David's decision but understand that the well-being of his family is paramount. He has made an enormous contribution to the growth of the business and the Management Board and I wish him and his family well for the future."
David has overseen the growth and development of the Real Estate Investment Management business since 2005. It is now a world leading business headed by a first-class team1) of real estate professionals. The company has developed a fully integrated global platform, expanded into new regions and into new asset types and product offerings. It has attracted an increasing number of investors with an emphasis on cross-border investment.
ING Real Estate will make an announcement in respect to David's replacement nearer the time of his leaving.
Source: ING Real Estate