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Standard Life poaches Aareal man

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EUROPE - Aareal Asset Management's director of institutional business in the Netherlands, Harry Humble, has left the firm to join Standard Life Investments just three months after Aareal was acquired by Schroders.

Humble will start as Standard Life Investments' new property product specialist and will lead the development of overseas property funds, Standard Life said in a release today.

Humble, based in the UK, will report to Louise Kay, investment director, UK direct sales.

Aareal said it was not looking to appoint a replacement for Humble. "Christian Heling, head of investor relations at our headquarters in Wiesbaden, Germany, will take over Harry's responsibilities," said a spokeswoman.

She said Humble's move was unrelated to Schroders acquisition of Aareal Asset Management for €34m in December last year.

Elsewhere it appeared that Bernard Baret, after 25 years at the Paribas Group, has been hired by Société Générale Asset Management Alternative Investments as head of fund management within its real estate practice.

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