Henderson Global Investors has added to its growing property business with the appointment of Albert Yang as Director of Institutional Business. He will be responsible for the distribution of Henderson's property products, predominately to institutions in the UK, Ireland and Benelux regions, and will report to Mathias Kulke, Head of Distribution for property.
Yang has joined Henderson from Schroder Property Investment Management where he spent almost two years as product manager for their specialist property funds, responsible for equity raising, client management and marketing. Before that he worked for Deutsche Bank's property business, RREEF.
Commenting on his appointment Mathias Kulke says, "Henderson's property business has grown dramatically over the last few years to a point that we now manage €12 billion of assets and have over 200 clients invested in our UK and Pan-European funds. Our performance across the business has been exceptional with over 90% of our funds exceeding their benchmarks for the last three years. Albert's experience in product and client management, as well as his sales and marketing skills will ensure that we continue to attract clients and deliver quality service and products to clients."
Henderson announced earlier this year that it will be looking invest over €3 billion on property assets on behalf of clients, with about 90% of that in continental Europe. This year saw the company's first acquisition in Spain in which it bought a 50% controlling stake in Parque Miramar, a shopping center and retail warehouse park in southern Spain, with a combined asset value in the region of €200 million. This investment was for its Pan-European retail property fund, HERALD, which launched in December 2005 and has now raised €427 million.