Colonial First State Global Asset Management has poached Michael Brown, the general manager of the $1.5 billion Deutsche Office Trust.
Brown will take on the role as fund manager of Direct Property Investment Fund.
Colonial First State Global Asset Management’s head of wholesale property funds Tim Stringer said Brown’s experience in both the wholesale and listed property sectors places him in a solid position to drive the investment performance of DPIF.
With $2.4 billion in funds under management, DPIF is an important vehicle in the stable of funds held within Wholesale Property Funds, and includes investments in Australia’s commercial office, industrial and retail property markets. This unique investment product has been defined by the requirements of investors and it continues to evolve in line with their changing demands.
“Brown spent six years as general manager of Deutsche Office Trust, with key responsibilities for trust policy, objectives, strategy, performance, debt funding and team management.
“Colonial First State Global Asset Management has a strong commitment to the wholesale property business and Brown’s appointment is a clear indication of this. We are focused on building a long term, sustainable business which provides outstanding investment solutions for wholesale property fund investors,” he concluded.
By Adam Parsons
