Henderson Global Investors has appointed Andrew Friend to head up its UK Distribution team for its £12.4 billion (approx. 14.2 billion) property business.
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Andrew Friend.
As Director of Institutional Business he will take overall responsibility for the London based property distribution team, driving future growth into both existing and less explored capital markets.
Henderson Property's distribution team already has a strong focus on the UK, German, Nordics and Benelux regions. As well as expanding into new geographies, Andrew's team will focus on building up its existing sovereign wealth network while also exploring the potential within the private wealth markets.
Friend has been with the company for 11 years, predominantly as the former Fund Manger of the Henderson UK Retail Warehouse Fund and latterly working on the launch of German retail funds from Henderson's Frankfurt office.
Andrew Friend, Director of Institutional Business, said: "This is an exciting role for me having already been with Henderson for 11 years and I enter it with enthusiasm. I'm really looking forward to working with the current established team. Together, we have got the commitment and momentum to grow the business with a broad spectrum of clients."
Tim Horrocks, Head of Distribution for Henderson Property added: "We welcome Andrew to his new role. Creating this position is a key step forward in the implementation of our strategic plan for broadening our reach to capital. His strong networks, leadership and analytical skills, complements our existing global distribution network and will be of significant benefit throughout this process. We are confident that his enthusiasm and experience will add significant momentum to our success in seizing future market opportunities.
"These represent exciting times for Henderson: We are confident that we can continue to offer the right products which aim to meet the needs and aspirations of current and prospective investors alike."
Henderson Property (alongside its German business Warburg - Henderson KAG) has seen a successful year of fund raising so far this year, with successful first closings announced for the Henderson German Retail Income Fund, Henderson CASA V Fund, Warburg - Henderson Austria No. 2 and Warburg Henderson Koop Fund.
Combined with gearing, the four fund closes equip the business with ca. £700 million of purchasing power to be deployed throughout the US and Europe. With further capital expected to be raised shortly for CASA V and a second close expected to be announced for Henderson's Central London Office Fund II before year-end, the total is on target to reach nearer £1 billion by the end of 2011.
Source: Henderson Global Investors
Henderson Property's distribution team already has a strong focus on the UK, German, Nordics and Benelux regions. As well as expanding into new geographies, Andrew's team will focus on building up its existing sovereign wealth network while also exploring the potential within the private wealth markets.
Friend has been with the company for 11 years, predominantly as the former Fund Manger of the Henderson UK Retail Warehouse Fund and latterly working on the launch of German retail funds from Henderson's Frankfurt office.
Andrew Friend, Director of Institutional Business, said: "This is an exciting role for me having already been with Henderson for 11 years and I enter it with enthusiasm. I'm really looking forward to working with the current established team. Together, we have got the commitment and momentum to grow the business with a broad spectrum of clients."
Tim Horrocks, Head of Distribution for Henderson Property added: "We welcome Andrew to his new role. Creating this position is a key step forward in the implementation of our strategic plan for broadening our reach to capital. His strong networks, leadership and analytical skills, complements our existing global distribution network and will be of significant benefit throughout this process. We are confident that his enthusiasm and experience will add significant momentum to our success in seizing future market opportunities.
"These represent exciting times for Henderson: We are confident that we can continue to offer the right products which aim to meet the needs and aspirations of current and prospective investors alike."
Henderson Property (alongside its German business Warburg - Henderson KAG) has seen a successful year of fund raising so far this year, with successful first closings announced for the Henderson German Retail Income Fund, Henderson CASA V Fund, Warburg - Henderson Austria No. 2 and Warburg Henderson Koop Fund.
Combined with gearing, the four fund closes equip the business with ca. £700 million of purchasing power to be deployed throughout the US and Europe. With further capital expected to be raised shortly for CASA V and a second close expected to be announced for Henderson's Central London Office Fund II before year-end, the total is on target to reach nearer £1 billion by the end of 2011.
Source: Henderson Global Investors
