GLOBAL - Robert Houston is stepping down as chief executive of ING Real Estate Investment Management in the summer.

Houston, (pictured, left) was one of the original founders of the investment management business at ING Real Estate, but will leave the company on August 1 after 30 years employment to focus on the establishment of a new strategic advisory business.

George Jautze, chief executive of ING Real Estate, said: "I have greatly appreciated Robert's contribution to the real estate investment management business over a period of 30 years, most recently as my global CEO, helping to navigate the business through a difficult period over the last year.

"I would like to thank him for his unstinting support in helping to build one of the world's leading real estate investment management firms and we all wish him well in his new ventures."

Jautze, who is currently overseeing the reorganisation of ING Real Estate and the realignment of reporting lines for the three real estate businesses within ING Group, will also assume the role left by Houston.