Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter