– GUERNSEY, St. Peter Port – Schroder Global Real Estate Securities announces the retirement of Richard Saunders as a non-executive independent director of the Company effective from 30 September 2015. Richard has been a director of the Company since its listing in 2006. The Board has greatly appreciated the experience and support that Richard has contributed to the development of the Company.
In addition, the Company announces the appointment of Robert Houston as an independent non-executive director of the Company with effect from 1 July 2015. Robert will also join the Audit Committee.
Robert Houston (British) was born in 1950. He is a chartered surveyor and has been active in the institutional property investment management industry for over 40 years. In 1980 he founded Rowe & Pitman Property Services which four years later, became Baring, Houston & Saunders. The firm became part of the ING Group in 1995. In 2008 he was appointed the Global Chairman and Chief Executive of ING Real Estate Investment Management, one of the world’s largest property investment managers with more than $80 billion of assets worldwide and operating in 22 countries. In 2009, he established the St Bride’s Business Alliance, a network of real estate businesses which now has offices in London, Madrid, Sydney and the US. He has written / edited over 250 published research bulletins and articles on the real estate market.
The Directors are very pleased to have attracted Robert to the Board and are confident that the Company will benefit from his extensive experience within the real estate and property sectors.
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