Schroders Capital names new Global Head of Real Estate and senior management promotions
News Release - 30 September 2024
Schroders Capital, the private market investor with $97.3 billion of assets under management, today announces the promotion of Nick Montgomery to the role of Global Head of Real Estate, subject to regulatory approval, alongside the formation of a new leadership team to further strengthen its real estate capabilities and client proposition.
Nick, who is currently Head of UK Real Estate, will take over from Sophie Van Oosterom following an orderly transition. Schroders Capital’s real estate business is a strategically important growth area, with the team currently managing over $27.9 billion[2] of assets in a range of strategies across 16 markets globally.
Nick has been at Schroders for 12 years and has overseen strong growth of the UK business including significant new mandate wins and the launch of Schroders Capital’s Real Estate Impact Fund, recently approved by the FCA to use the ‘Sustainability Impact’ label under SDR. Nick has a long-term track record of delivering outperformance for clients across a range of strategies including the UK listed Schroder Real Estate Investment Trust.
Alongside Nick’s appointment, Roger Hennig becomes Head of Continental Europe, based in Zurich. Roger previously led Schroders Capital’s real estate team in Switzerland and has extensive pan-European knowledge and experience.
Kieran Farrelly becomes Global Chief Investment Officer for Real Estate, in addition to his existing Solutions responsibilities, and James Macnamara will assume global responsibility for value-add and alternatives investments, building on his current focus as Head of Strategy, Hotels and Operating Assets.
Georg Wunderlin, Global Head of Private Assets, Schroders Capital, said:
“Our continued success is built upon a deep bench of investment expertise, guided by the clear vision of management. With a strong team in place, and with each promotion thoroughly deserved, we will continue to explore investment opportunities, with a differentiated proposition that consistently deliver superior returns for clients. As we flex our proposition to suit conditions in the market, we can ensure our business remains well-positioned for long-term success. I have worked closely with Nick and all the members of his team, and I am thrilled that they will be stepping up to oversee our international real estate franchise, which now manages over $27.9 billion of assets across 16 markets.
"I extend my deep gratitude to Sophie for her commitment to the business. It has been a pleasure to work with her and I wish her every success as she embarks on a new role on the client-side.”
Nick Montgomery, incoming Global Head of Real Estate, Schroders Capital, said:
"I am privileged to take on this role and excited at the prospect of leading Schroders Capital Real Estate, a business with a 50-year history. Alongside the senior promotions announced today, we have a fantastic global team who are fully dedicated to delivering investment excellence and outperformance for clients. These changes also coincide with a cyclical recovery in many real estate markets, which provides a supportive backdrop for growing this strategically important part of Schroders Capital. I look forward to working with Sophie to ensure an orderly transition."
