Rachel McIsaac is to step down as chief executive officer of the Association of Real Estate Funds at the end of October after serving five years as AREF’s first CEO. She will be returning to fund management, joining Arbuthnot Securities in early November.
Rachel McIsaac is to step down as chief executive officer of the Association of Real Estate Funds at the end of October after serving five years as AREF’s first CEO. She will be returning to fund management, joining Arbuthnot Securities in early November.
Commenting on her departure, AREF chairman Bill Hughes said: 'As AREF’s Chief Executive, Rachel has raised the organisation’s profile, more than doubled the membership, and has positioned AREF as the leading and unified voice for unlisted pooled property funds. The next step in the association’s evolution, he said, was to 'further raise the profile of unlisted pooled property funds in institutional portfolios and to make strong and authoritative representations on behalf of investors and members in the alternative investment fund managers directive debate.'
AREF said it is in the process of recruiting a new CEO and that a further announcement will follow in due course.
AREF has 70 member funds representing over £21 bn (EUR 24 bn) of NAV and includes pooled property vehicles promoted by all of the UK’s leading fund managers.
