Simon Fairchild has taken over as Managing Director IPD North America, following the successful launch of the IPD US Annual Property Index.
Fairchild will be based in IPD's 12-strong Chicago office and will oversee the integration of the US and Canadian teams as well as the development of IPD's Portfolio Analysis Service (PAS) in the US which measures the relative performance of individual funds against peer group benchmarks and is based on a $121 bln. (approx. 86 bln.) databank which Fairchild aims to at least double in size within the next three years. The US PAS was set up five years ago by Simon Mallinson, Head of US Services and Mallinson is to leave IPD in mid September to join Invesco Real Estate - Europe in its London office.
Simon Fairchild, Managing Director at IPD North America, said: "Simon has played an instrumental role in the development of IPD's US database which has enabled us to launch the inaugural IPD US Annual Property Index. He leaves us in a strong position to take the business forward.
"Together with Jani Venter, who we recruited as US Commercial Development Director at the turn of the year, we will be looking to raise awareness of how our benchmarking service can help property investors and managers better know the risks in their portfolios. Feedback from those attending our Index launch at Bloomberg's headquarters in New York demonstrated again the renewed focus of performance analysis at both a domestic and global level."