Schroders has announced that Duncan Owen is to step down as global head of real estate at the end of the year and will be replaced by Sophie van Oosterom.
Owen will step down on 31 December after nine years with the business but will to continue to act as a special adviser and remain on the management team of the Schroders UK Reit.
A press release that emphasised Schroders’ push into private assets said van Oosterom would join in January 2021 from CBRE Global Investors where she was chief executive and CIO for Emea.
Schroders global head of private assets Georg Wunderlin said she had a “strong” track record of building private assets businesses and would be a partner in Schroders’ strategy to become a market leader in the asset class. She began her career in 1996 and before CBRE Global Investors was head of asset management for the Lehman Brothers Real Estate Partners private equity funds.
Schroders’ private asset business has £44.2bn assets under management covering private equity, infrastructure, microfinance and impact investments, insurance-linked securities and securitised credit.
