UK - Alasdair Evans is leaving Hermes Real Estate, where he was chief operating officer, to join Investment Property Databank (IPD) as group finance director.

Evans has been a non-executive director of IPD since March 2009 and will replace Kelly Smith on 4 October.

His appointment follows the arrival of former RREEF research head Peter Hobbs and is part of a restructuring of IPD's leadership, as co-founders Rupert Nabarro and Ian Cullen prepare to take step back in the overall running of the firm.

Alongside Hobbs and group managing director Laurent Ternisien, Evans is expected to lead IPD's new five-year business plan.

Evans' role will include the development of the relationship with the company's institutional shareholder base to support global expansion.

He will pursue strategic alliances and joint ventures to deliver transformational growth and co-ordinate the legal and HR departments at IPD.

Evans said: "IPD has established a strong and mature business in Europe over the past five years and plans to replicate this success in all major property investment markets globally.

"This will be good for clients who will benefit from IPD's global reach."

Ternisien said: "This appointment follows the recent appointment of Peter Hobbs as head of business development and the promotion of Phil Tily as head of UK and Ireland, marking a major strengthening of the senior management team."

Evans was originally corporate finance director at Hermes Real Estate, the wholly owned real estate investment management arm of the BT Pension Fund, before becoming COO last year.

He will maintain his chairmanship of INREV's corporate governance committee.