Management change at ING Real Estate Investment Management (NL)

ING Real Estate announces that Robert Houston, Chief Executive of its Investment Management business will be stepping down from August 1, 2009 to focus on his own initiatives, including the establishment of a new strategic advisory business and growing his sports charity - Boost.

Commenting, George Jautze, CEO ING Real Estate said, "I have greatly appreciated Robert's contribution to the Real Estate Investment Management business over a period of 30 years, most recently as my Global CEO, helping to navigate the business through a difficult period over the last year. I would like to thank him for his unstinting support in helping to build one of the world's leading real estate investment management firms and we all wish him well in his new ventures."

Robert Houston was one of the original founders of ING's real estate investment management business in the UK in 1980, formerly known as Baring, Houston & Saunders. In 2005, he founded Boost Charitable Trust, a sports charity for the disadvantaged and disabled.

In addition to managing the reorganisation of ING Real Estate and the realignment of reporting lines for the three real estate businesses within ING Group announced on 9 April 2009, George Jautze will assume the role of Real Estate Investment Management CEO.

Source: ING

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