Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Patrick Sumner's 17-year Henderson career comes to an end

Patrick Sumner's 17-year Henderson career comes to an end

Partrick Sumner has brought the curtain down on his 17-year Henderson career. 

Sumner (pictured), who has headed the firm's global property equities team since 2004 and has 34 years' experience in the sector, will retire from Henderson in June. He was instrumental in the development of Henderson's global, European and Asian property security strategies, which now control a combined $2.7 billion.

Sumner will be replaced by Guy Barnard and Tim Gibson, who become join co-heads of the global property equities team.

Barnard is based in London and has been co-manager of the $1.2 billion Henderson Horizon Global Property Equities fund since November 2008 and manager of the $600 million Henderson Horizon Pan European Property Equities fund since September 2010.

Gibson is based in Singapore and manages the $350 million Henderson Horizon Asia Pacific Property Equities fund.

At the same time, the team has been bolstered by the hire of London-based Nicolas Scherf from Cohen & Steers Capital Management and Singapore-based Xin Yan Low, who joins from Bank of America Merrill Lynch.

'Having been at Henderson for 17 years, launched and grown our global property equities franchise and seen it through a full and, at times, turbulent cycle, it is time to hand over to the next generation,' Sumner said in a statement:

'We have a very talented team, including our associates Harrison Street in Chicago, that I am sure will take the business to new heights. Our new hires will ensure continuity of performance and client service. For myself, this is an opportunity, before it is too late, to fulfil some long-held personal ambitions.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Dispelling the sustainable investing myths

Dispelling the sustainable investing myths

There's a bit of a buzz around sustainable investing at the moment. We speak to three wealth managers to find out what they think.

Play Inside ETFs: positioning for the Fed rate rise

Inside ETFs: positioning for the Fed rate rise

Natalie Fast discusses how investors are using ETFs to position for a rate rise with guests Irene Bauer from Twenty20  Investments and Markit's Simon Colvin.

Play Wealth Manager Retreat: video highlights

Wealth Manager Retreat: video highlights

The UK's leading wealth management talent gathered at our annual event at the Grove celebrate the best in private client portfolio management.

Wealth Manager on Twitter