Columbia Threadneedle head of property Don Jordison is to retire in May following 24 years with the company.
Following Jordison’s retirement, the firm’s property finance and commercial director John Willcock will become head of Threadneedle Property Investments, reporting to Michelle Scrimgeour, Columbia Threadneedle’s chief executive in Europe, the Middle East and Africa.
Willcock has been with the firm since 1994, and in his new role will be supported by fund managers Chris Morrogh and James Rigg, as well as head of property asset management Joseph Vullo.
Commenting on Jordison’s retirement, Scrimgeour said he ‘retires with an outstanding track record’ and leaves Columbia Threadneedle ‘having built one of the UK’s leading property teams.’
She added: ‘While Don will be missed, his retirement has been in the planning for some time and our property business has a strong established senior management team in place.
‘We thank Don for his commitment to serving our clients over more than 20 years and for the substantial contributions he has made to the company during this time.
‘We wish Don and his family the very best for his retirement.’
According to Citywire data, Jordison has returned 11.5% as a manager in property over 2017 compared to the sector average of 10.9%.
The firm said it will continue to be ‘business as usual’ in its 71-strong UK property team and that its investment approach will remain unchanged.
The Threadneedle UK Property Authorised Investment fund will continue to be managed by existing co-manager Gerry Frewin.