IPD appoints Alasdair Evans as new Finance Director (UK)

Alasdair Evans has been appointed as IPD's Group Finance Director, it was announced yesterday (September 9, 2010).

Evans – who has been a non-executive director of IPD since March 2009 – joins IPD on October 4 2010 from Hermes Real Estate, where he was Chief Operating Officer. He replaces Kelly Smith who is leaving IPD at the end of October after five years' service.

Alasdair's role will include the further commercialization of the business and development of the relationship with the company's institutional shareholder base to support global expansion. To this end, he will pursue strategic alliances and joint ventures to deliver transformational growth to IPD.

In addition to overall financial control, Alasdair will co-ordinate the legal and HR departments at IPD. Alongside Group Managing Director, Laurent Ternisien, and Head of Business Development, Peter Hobbs, Alasdair will help spearhead the significant advances anticipated under IPD's new five-year business plan.

Alasdair Evans said: "Having been involved with IPD from the shareholder side since the restructuring in 2005, I am delighted to now be making a fuller contribution. IPD has established a strong and mature business in Europe over the past five years, and plans to replicate this success in all major property investment markets globally. This will be good for clients who will benefit from IPD's global reach. I am excited to be part of IPD's future."

Laurent Ternisien, Group Managing Director of IPD, said: "This appointment follows the recent appointment of Peter Hobbs as head of business development and the promotion of Phil Tily as head of UK and Ireland, marking a major strengthening of the senior management team. IPD is well placed for the challenges ahead."

Rupert Nabarro, Chairman of IPD said: "Alasdair's skills and experience, not only in finance and operations, but also property funds, should help IPD to develop and grow the business in this area, with the support of shareholders."

Alasdair will maintain his Chairmanship of INREV's Corporate Governance Committee.

Alasdair's gained his chartered accountancy qualification at Coopers & Lybrand where he was seconded to HM Treasury's Private Finance Panel, to work on the development and implementation of the Private Finance Initiative.

He then moved to Land Securities Trillium, the UK's leading property outsourcing service provider and was Director of Finance – Corporate Real Estate, leading negotiations on major contracts with BT and the Department of Works and Pensions.

After seven years with Trillium he moved on to Hermes Real Estate initially as Corporate Finance Director and then as Chief Operating Officer leading all financial actives including oversight of Argent, MEPC and X-Leisure.

Source: IPD

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