Columbia Threadneedle will promote Joseph Vullo to head of UK real estate and James Rigg to chief investment officer for UK real estate, following the planned retirements of head of UK real estate John Willcock and fund manager Chris Morrogh over the next six months.
Vullo - who is head of asset management in the real estate team, and senior fund director Rigg - who manages the Zurich Assurance Ltd ZAL Property fund, will both report to CEO EMEA Nick Ring. Columbia Threadneedle was among the first asset managers to lift the temporary dealing suspension on its property funds earlier in September, following nearly six months of gating owing to material uncertainty in the valuation of its underlying assets. The management of Morrogh's Threadneedle Property unit trust will be taken over by fund manager James Coke from 1 January 2021 to allow for a "sm...
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