Abrdn restructures real assets with appointment of head of real estate
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Abrdn has promoted Anne Breen to head of real estate from her former role of deputy as the asset manager “moves towards a simplified focus on growth”, with real assets being split into real estate and infrastructure.
Global head of real assets Neil Slater will be leaving the firm to pursue another opportunity after three years in the role.
“The new simplified structure will allow us to focus on our core strengths in alternatives,” said the company.
“In real estate we continue to drive strong performance through our existing product set, along with developing new offerings for our institutional and wholesale clients, and the new structure will lead to an increased focus on that growth.”
Abrdn praised Breen for the modernisation of the firm’s real estate business over the last 24 years, “embedding and driving our research-driven approach, which underpins the overall performance of our underlying funds, the launch of a number of innovative products including our global real estate strategies and UK long income franchise, and the management and development of our real estate investment teams”.
Breen began her real estate career at Standard Life Investments in 1999. She was appointed head of real estate research and strategy in 2007. During her tenure, real estate assets under management quadrupled to more than £40bn.
She also sits on Abrdn’s Global Inclusion Committee, is a board member of Abrdn Alternative Funds and of Abrdn Investments Ireland.
Breen will report to Peter Branner, chief investment officer, who said: “Growing our alternatives offering remains a strategic priority, and our teams will work more closely together to drive forward our growth agenda.”
Infrastructure businesses are headed by Dominic Helmsley and Gershon Cohen.
