JPMAM boosts property division with BNY scoop

JP Morgan Asset Management has appointed Alan Supple to the newly created role of head of global real estate securities.

Supple joins from CentreSquare Investment Management, the real asset investment arm of BNY Mellon, where he ran a team responsible for European global real estate securities.

At JPMAM, Supple will manage global and international publicly traded real estate strategies, overseeing over $2.5 billion (€2.25 billion) of investments in global and international listed real estate holdings, both total return and income-focused.

In addition, Supple will be named portfolio manager on the firm’s offshore Global Real Estate Securities fund and onshore Global Property Securities fund. The latter returned -1.5% in the year to April 29, 2016, versus the FTSE Epra/Nareit Developed index’s 2.8% return in the same period, according to FE Trustnet data.

Prior to working at CentreSquare Investment Management, Supple held roles in corporate finance and acquisitions with real estate companies in Brussels and New York.

JPMAM manages assets of $1.7 trillion as of December 31 2015.

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