New global head at ING Real Estate Select

ING Real Estate Investment Management (REIM) has appointed Jan Meulenbelt as global head of ING Real Estate Select. The appointment takes effect from January 2010 subject to approval from regulatory bodies FSA and AFM. ING Real Estate Select is ING Real Estate's dedicated multi-manager business.

Meulenbelt succeeds Nick Cooper, who resigned following the recent head office decision to relocate the global Select business to the Netherlands. Meulenbelt has extensive knowledge of the real estate multi-manager business. He joined ING Real Estate Select in 2006 to help build the business in Europe and was also part of the ING Real Estate Select European Investment Committee. Meulenbelt previously worked for ING Investment Management, developing Structured Bank and Insurance Guarantee Funds for institutional investors.

Commenting on his appointment, Meulenbelt said: 'Our job is to strengthen the ongoing focus on servicing UK, European and Global clients with investments in our well-performing fund of funds and managed accounts, regionally and globally. We drive for transparency with clear reporting standards set by INREV.'

At end-September 2009, ING RES had approximately £3.4 bn (EUR 3.8 bn) of assets under management on behalf of a number of professional investors, ranging from corporate and government pension schemes to insurance companies.