One of the world's biggest property investors, ING Real Estate , announced yesterday that it had appointed Robert Houston as the new chairman and CEO of its global investment management business.
Houston, the head of ING Real Estate's UK operation, replaces David Blight, who resigned earlier this year and decided to return to Australia for personal reasons.
"This is a great opportunity," said Houston. "Having had the privilege of managing and growing the UK business over the past 28 years, I now have the chance to build ING Real Estate's global investment management platform at a time when investors are increasingly seeking global opportunities."
A new role alongside Houston as global portfolio manager will be taken on by Stephen Pyne, who is currently the UK's chief investment officer. Pyne will be responsible for global cross-border investment in the group.
Kevin Aitchison, currently head of the UK's segregated account and joint venture business, will succeed Houston as CEO in the UK.