Swip names Lloyds' Shillaw as head of £8bn property business

Scottish Widows Investment Partnership (Swip) has appointed Lynda Shillaw as director of real estate, replacing Malcolm Naish who retired earlier in the year.

Reporting to Swip managing director Dean Buckley, Shillaw will have responsibility for the firm’s 50-strong real estate team, which manages in excess of £8 billion.

At the same time Peter Lillington and Robert Matthews, who led the real estate team for the four-month interim period after Naish’s departure, will return full time to their existing roles.

Lillington will resume his role as head of UK real estate investment, while Matthews will go back to his position as head of international real estate and strategy.

Shillaw, who starts her role at the beginning of next year, will play a key role in defining the strategic direction for the overall business. She joins from Lloyds Banking Group where she has been managing director of corporate real estate for the corporate and institutional banking arm, since October 2010.

In this role, Shillaw oversaw the corporate and institutional bank’s UK property development and property investment sectors, while working with a client base spanning companies and institutions, to property entrepreneurs.

Before joining Lloyds, she was the managing director of estates at the Co-operative Group, where she was responsible for the firm’s property, land and farming businesses, as well as group functions, including procurement and operational risk.

She joined the Co-op in 2006 from BT, where she was director of property.

Buckley said: ‘Over the past few years Swip’s Real Estate business has gone from strength to strength and now manages more than £8 billion in assets across all real estate sectors both here in the UK and overseas.’

Naish retired from the firm at the end of June, having worked at Swip since 2007.