Threadneedle has announced changes to its Property Investments team, with Don Jordison taking over as managing director from new chairman Andrew Strang.
Jordison has been a director of Threadneedle Property since its inception in 1994 and during 2007 he launched the firm’s Authorised Property Unit Trust and European Fund of Funds.
Threadneedle CEO Crispin Henderson says the move has been planned for some time.
“Andrew has been pivotal in developing our property business, having been managing director since the company was established in 1994,” he says.
“I am delighted that he will become chairman, thereby remaining involved in steering our property business forward.
“Don Jordison has been a strong member of the team, is well respected by his colleagues and in the market, making him the ideal successor to Andrew.”
Jordison added: “Our challenge will be to continue to build on the excellent track record, expand the business – launching new funds to match our clients’ interests in seeking greater geographical diversification and opportunistic investment.”
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