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 multimanager 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.
Ends
For more information please contact:
Jo Cardwell
Corporate Communications
Police
Mutual Group
T: 01543 305323
E: press.office@pmas.co.uk
Notes to
editors
Police Mutual Assurance Society
Police Mutual was founded in 1922 to provide welfare and
financial support for police officers.
It is the UK's largest affinity friendly society with almost
£1bn funds under management and has around 220,000 policyholders
among serving and retired police officers, staff and their family
members.
Police Mutual is owned by, and run by, members of the police
service. Its Committee of Management includes representation
from all police ranks to ensure that decisions reflect the needs of
the service as a whole.