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Police Mutual (PMAS) appoints Aviva Investors to manage UK property portfolio
Police Mutual (PMAS) the UK’s leading affinity friendly society providing products to the UK police service has today announced it has appointed Aviva Investors to manage its £42 million UK property fund.
Police Mutual will be working closely with Aviva Investors’ global real estate multi-manager team to manage its UK property multi-manager portfolio. The portfolio will be managed by Aviva Investors’ John Gellatly, Head of Real Estate Multi-Manager Europe.
Police Mutual appointed Aviva Investors to manage this portfolio following its existing manager’s withdrawal from the provision of these services. Commenting on the appointment, Ian Cordwell, Finance Director, Police Mutual said: “I was very impressed with the solution proposed by Aviva Investors for managing Police Mutual’s UK property multi-manager portfolio. As a mutual society owned by our members, it is vital that Police Mutual gets the best deal for them, so that we can maximise the potential for investment growth. We look forward to working with Aviva Investors for the benefit of our members.”
Erich Gerth, Executive Director and Chief Executive of Global Business Development at Aviva Investors commented: “I am delighted that Police Mutual has chosen Aviva Investors to manage its UK property multi-manager portfolio. Police Mutual was looking for a customised solution to meet its requirements and we are pleased that this is something we were able to offer.”
Aviva Investors’ global real estate multi-manager team compromises 21 investment professionals located in London, New York & Singapore. It is responsible for managing more than £4.7bn of indirect assets for a range of institutional clients through both segregated accounts as well as pooled fund-of-fund products.
