Following two years at Lloyds as its managing director of corporate real estate for corporate and institutional banking, she will start at Swip on 1 January as director of real estate.
Shillaw will report directly to Dean Buckley, managing director of the firm, and through her team will manage in excess of £8bn in AUM.
Prior to her role at Lloyds Shillaw was managing director of estates at the Co-operative Group, with responsibilities for the group’s property land and farming business as well as group functions such as procurement and operational risk.
Buckley said: “Over the past few years SWIP’s Real Estate business has gone from strength to strength and now manages more than £8 billion in assets across all real estate sectors both here in the UK and overseas.
“With significant real estate transaction knowledge and over 22 years’ experience in property portfolio, strategy, investment and asset management, Shillaw is the ideal candidate to lead the Real Estate business and continue its development and growth.
“Shillaw will also be a great addition to the SWIP Executive team and will play an active role in defining the vision and strategic direction for the overall business.”
In 2011 Swip’s real estate AUM was bumped up by the award of a £2.4bn mandate managed on behalf of Lloyds Banking Group insurance division.
Following this there were five new appointments made to ensure there was enough resource in place to cope with the increased AUM.
The real estate team was not included in Swip’s significant restructuring earlier this year, which saw 23 jobs cut and three funds closed in the equity business.