Swip confirms property director Naish retirement
Scottish Widows Investment Partnership’s property head to retire in June.
Scottish Widows Investment Partnership’s director of real estate Malcolm Naish is to retire in June.
Mr Naish has held the position since joining the business in October 2007, building it up to be the fifth largest UK property investment manager with more than £8bn assets under management and boosting the team from 30 people in 2007 to more than 50 now.
In the past 13 months, Mr Naish has overseen two “significant milestones” including the appointment of Swip to manage £2.4bn in new assets on behalf of the insurance division of Lloyds Banking Group.
Mr Naish said: “Knowing that the Swip Real Estate business is in excellent shape and in the hands of a strong and highly-experienced team has made it possible for me to realise my ambition to take early retirement.
“The past few years have been both professionally challenging and thoroughly enjoyable. I feel privileged to have had the opportunity to lead and help shape a great team and am looking forward with relish to the next phase of my life.”
Dean Buckley, Swip’s managing director said Mr Naish had overseen one of the “most unprecedented periods” in the UK commercial property market.
“To successfully grow the business during a period where property market values have fallen significantly is a tremendous achievement and testament to not only Malcolm’s drive, experience and expertise, but also to the hard-working and professional team of people he has working with him.”
He added: “Malcolm has been an extremely valued member of my leadership team, providing insightful and considered council on all aspects of our business. He will be missed by all in Swip and he leaves with our thanks and best wishes for the future.”
The group said an announcement on the management of the team will be made in June.
Mr Naish was vice chairman of the Scottish Property Federation from 2009 to 2010 and chairman from 2010 to 2011 – a body he is still a member of.
He is also a member of both the British Property Federation Policy Committee and the Editorial Board of the Investment Property Forum.