Eric Byrne appointed head of real estate multi-manager platform
London (22 April 2013) – UBS Global Asset Management’s Global Real Estate (GRE) business has today announced that Eric Byrne has been appointed as the new Head of Global Multi-Managers & Securities (GMMS), effective 1 May 2013.
Eric Byrne, currently COO of the Global Multi-Managers & Securities (GMMS) platform, has been appointed as the new Head of GMMS, effective 1 May 2013. Eric succeeds the current head, Roddy Sloan, who is retiring, also on 1 May 2013.
Eric has significant experience within GMMS having been responsible for product development, structuring and execution, business development and client relationship management in Europe, as well as overall business management. He has 23 years of industry experience, including 17 years at UBS.
“Eric has been part of the senior management team within GMMS since 2007 and I am delighted to see him stepping up to his new role”, said Thomas Wels, Head of Global Real Estate, to whom Eric will report.
Roddy Sloan, current Head of GMMS, has recently decided to retire after more than 32 years in the industry and almost six years at UBS. “Since joining UBS in 2007, Roddy has launched and led the GMMS business and we are very grateful to him for his contribution to its success”, said Thomas Wels. “Following his retirement, Roddy will remain on a number of important committees within both the Global Multi-Manager and Global Property Fund platforms, allowing us to continue to benefit from his extensive real estate knowledge and experience”, Thomas added.
GMMS now comprises the Global Multi-Manager (GMM), Global Property Fund (GPF) and Swiss Real Estate Securities (SRES) platforms, with assets under management (including committed capital) totalling CHF 11.7 billion as at 31 December 2012.
Within the GMM business, Eric will be supported by Matt Johnson, Graham Mackie and Jean-Luc Seidenberg, the Regional Heads for the Americas, Asia-Pacific and Europe respectively. For GPF and SRES, Eric will be supported by Lee Saltzman and Dalibor Maksimovic respectively.
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Notes for Editors
UBS Global Asset Management
UBS Global Asset Management is a large scale asset manager with well diversified businesses across regions, capabilities and distribution channels. It offers investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate and infrastructure investment capabilities that can also be combined in multi-asset strategies. The fund services unit provides professional services including legal fund set-up, accounting and reporting for traditional investment funds and alternative funds.
Invested assets totalled some GBP 391billion as at 31 December 2012. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland 1 and one of the largest fund of hedge funds and real estate investment managers in the world.
With around 3,800 personnel located in 24 countries, UBS Global Asset Management is a truly global asset manager. Our principal offices are in London, Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Singapore, Sydney, Tokyo and Zurich.
UBS Global Asset Management’s Global Real Estate actively manages real estate investments, worth approximately GBP 42.7 billion 2 in Asia, Europe and the US and across the major real estate sectors, making it one of largest real estate managers worldwide 2. Its capabilities emphasize core and value-added, but also include other strategies across the risk/return spectrum. These are offered on a global, regional and country basis and through open and closed-end private funds, customised investment structures, fund of funds, individually managed accounts and publicly traded real estate securities globally.
1 Source: Lipper/Swiss Fund Data Swiss Promoters Report (as at 31 December 2012)
2 Source: UBS Global Asset Management. Assets under management stated on gross asset value basis, reflecting property values as at 31 December 2012, where available. Includes assets managed by our joint venture with Mitsubishi Corporation, Japan. Ranking based on assets under management of the top global real estate investment managers, as stated on official company internet sites as at 31 December 2012.
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