LaSalle appoints Philip Nell as head of Real Returns Funds

By James Buckley - Thursday, April 12, 2018 16:26

LaSalle Investment Management has appointed Philip Nell as Head of Real Return Funds in the UK. He will be responsible for in excess of £3.5 billion of invested assets and available capital.

The company is committed to cementing its position as one of the leading investors in both liability—matching inflation-linked assets and a substantial alternatives platform including residential with this new senior appointment, which signals its intent to expand its activity in this increasingly important sector. 

Nell will work with existing fund managers Sophie Simmonds and Eleanor Lindsay as well as Tom Henry and Andrew Stanford, from the UK residential fund and asset management team.  In the UK, LaSalle has invested £400 million in residential assets, which includes 1,000 completed residential units and another 800 in the development pipeline.

Alan Tripp, Head of UK at LaSalle Investment Management, said: “We are looking forward to welcoming Philip as part of our substantial and very experienced fund management team at LaSalle in London, we are pleased to benefit from his wealth of experience and he will join one of the most active teams in the market implementing bespoke strategies on behalf of our real return seeking fund clients. Our focus for 2018 is to significantly increase our real return and liability-matching portfolios for our clients.”

He was previously Head of European Retail Funds at Aviva Investors, where he oversaw more than £2.5 billion in real estate assets across four open-ended funds.

Simon Marrison, CEO of Europe at LaSalle, said: “I am delighted with the appointment of Philip to the UK business; his experience will be a fitting addition to our fund management team and further reinforce our position in the UK market. The UK is a major part of our global business and our real return initiative is a part of the business where we see substantial demand from clients and we fully believe in our ability to serve them.” 

Jbuckley@costar.co.uk

Get in Touch
+44 203 205 4600