Henderson’s property equity chief to retire

Henderson’s head of global property equities Patrick Sumner is to retire from the group in June after 10 years in the role.

The position will be split between Guy Barnard and Tim Gibson, who are based in London and Singapore respectively. The new co-heads of global property equities will continue to manage top-performing European, Asian and global funds.

Henderson has also hired Nicolas Scherf to its London office to assist Mr Barnard in the running of the Henderson Horizon Pan European Property Equities fund, of which Mr Sumner is currently a co-manager.

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The group has also appointed Xin Yan Low as an analyst within Mr Gibson’s Singapore team. Both new appointments are due to start at Henderson in the second quarter, the company said, ahead of Mr Sumner’s retirement.

Mr Sumner has worked at Henderson for 17 years and established the company’s European, Asian and Global strategies, which now have assets under management of roughly $2.7bn.

He said: “Having been at Henderson for 17 years, launched and grown our global property equities franchise and seen it through a full and, at times, turbulent cycle, it is time to hand over to the next generation. Our new hires will ensure continuity of performance and client service.”

Mr Barnard joined Henderson in 2006 has been a fund manager since 2008, becoming deputy head of the property equities team in 2012. Mr Gibson joined the firm in 2011.