Aviva Investors has appointed Daniel McHugh as chief investment officer of its £47.3bn (€54.7bn) real assets business.

McHugh’s promotion follows the appointment in January of former real assets CIO, Mark Versey, as chief executive officer of Aviva Investors.

McHugh joined Aviva Investors in April 2018 as real estate managing director. He is also a member of the real assets senior leadership team.

Aviva Investors said a successor as real estate managing director will be announced in due course. In the interim, James Stevens, head of development, global real estate, will lead the team.

In his new role, McHugh will be responsible for the strategy and growth of Aviva Investors’ integrated real assets business, encompassing real estate, infrastructure and private debt. He will also join the Aviva Investors executive team.

Prior to joining Aviva Investors, he was head of continental European real estate investment at Standard Life Investments. He joined Standard Life Investments in 2000.

Versey said since McHugh joined the business, “we have significantly built out our development, asset management and transaction capabilities in real estate, expanding our investment strategy in exciting new European locations and forging strong partnerships with key international investors”.

McHugh said: “We have a fantastic franchise, with highly capable and motivated teams across real estate, infrastructure and private debt, and an integrated ESG approach that I believe is a differentiator for our parent Aviva and our external clients.

“My objective will be to ensure we continue growing the platform by delivering the investment outcomes our clients demand.”

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