Tim Sankey to take over from Gerry Ferguson as Aberdeen UK Property Fund lead

By Paul Norman - Monday, March 12, 2018 7:00

Aberdeen Standard Investments has announced that Gerry Ferguson, Lead Fund Manager of the Aberdeen UK Property Fund, has taken the decision to retire from the business.

Tim Sankey, Deputy Lead Fund Manager, will take over as Lead Fund Manager for the Aberdeen UK Property Fund effective immediately. Ferguson will remain with the business until the summer in order to ensure a smooth transition of responsibilities.

The business said it has been aware of Gerry's intentions for some time which has allowed a "great deal of thought and preparation to go into his succession planning".

This began in early 2017 with the formal selection of Tim Sankey to Deputy Lead Fund Manager on the Aberdeen UK Property Fund. Sankey initially joined Aberdeen Asset Management in 2003 and has been working as a Fund Manager on the Aberdeen UK Property Fund since 2014.

He is knowledgeable of the Fund itself as well as the wider open-ended funds universe in the UK and is therefore well positioned to take over as Lead Fund Manager. He has met many of the investors in the Fund in his capacity as Deputy Lead Fund Manager and we would hope to engage with the wider investor base in due course. There are to be no changes to portfolio positioning, investment process or philosophy as a result of the announcement the group said.

It added: "Whilst we are sad to see Gerry go, he leaves with the best wishes of everyone at Aberdeen Standard Investments and we thank him for his contribution to the business throughout his employment."

"Gerry has made a significant contribution to the business, and in particular the Aberdeen UK Property Fund, over his many years of service at SWIP, Aberdeen Asset Management and latterly Aberdeen Standard Investments,’ said Mike Hannigan, Head of Real Estate UK.

"He has decided to retire from the industry but is staying until the summer in order to ensure a smooth transition of responsibilities for our clients. I would like to thank Gerry personally for his contribution to the business over the past 18 years."

Gerry Ferguson, Lead Manager on the Aberdeen UK Property Fund, said: “I have had an amazing 43 years in the property industry. I have weathered many market cycles on behalf of investors and witnessed the evolution of property as an asset class. My decision to retire and step down from the role managing the Aberdeen UK Property Fund was difficult to make but made easier given the experience and knowledge of Tim and the strength of the broader team. The Fund is in good hands.”

Tim Sankey, Deputy Lead Fund Manager on the Aberdeen UK Property Fund, commented: “Gerry will be a hard act to follow, but I’m confident given the resources and team at the Fund’s disposal it will continue to prosper.”

pnorman@costar.co.uk

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