Lynda Shillaw to head SWIP's real estate business

Scottish Widows Investment Partnership (SWIP) has appointed Lynda Shillaw as director of real estate, replacing Malcolm Naish who retired earlier in the year.

Reporting to SWIP managing director Dean Buckley, Shillaw will have responsibility for the firm’s 50-strong real estate team, which manages in excess of £8 bn (EUR 9.8 bn).

At the same time Peter Lillington and Robert Matthews, who led the real estate team for the four-month interim period after Naish’s departure, will return full time to their existing roles.

Lillington will resume his role as head of UK real estate investment, while Matthews will go back to his position as head of international real estate and strategy.

Shillaw, who starts her role at the beginning of next year, will play a key role in defining the strategic direction for the overall business. She joins from Lloyds Banking Group where she has been managing director of corporate real estate for the corporate and institutional banking arm, since October 2010.

Naish retired from the firm at the end of June, having worked at SWIP since 2007.