EUROPE - Aberdeen Property Investors has recruited Alessandro Bronda, former head of European research at Catella, to head up the expansion of the investment strategy team's activities in Europe.
Aberdeen said Bronda’s experience of continental European property markets would help strengthen the firm’s European research capabilities.
He will be based at Aberdeen’s Brussels office.
“We will improve our ability to evaluate the market trends in Continental Europe, which is of key importance to our large institutional investors,” said Jon Lekander, head of investment strategy at Aberdeen.
“We foresee an increased demand for international property investments, as the European property markets become increasingly integrated. It is therefore of key importance to be able to provide our clients, the investors, with solid advice and forecasts of these markets.”
Meanwhile, parent company Aberdeen Asset Management has announced its interim results for the six month period ending March 31.
The firm saw its assets under management grow 15% to £25.4bn during the period and recorded net new business of £2bn.
“We expect the group to continue to benefit from increasing revenues arising from new business inflows,” commented Martin Gilbert, chief executive of Aberdeen.
“Together with the issue of £75m of convertible preference share units, this provides a strong platform from which to improve shareholder returns.”
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