Aviva Investors to manage AUB Pan Asia real estate multi-manager fund
Aviva Investors has been appointed to manage the AUB Pan Asia Investment Fund Limited. AUB is a commercial and investment banking group providing wealth management, retail, corporate, treasury, offshore and private banking services across the Middle East.
The fund will be managed by Bart Coenraads, Aviva Investors Head of Real Estate Multi-Manager – Asia Pacific, with support from the wider Real Estate Multi-Manager team. The fund has been seeded with an initial USD97m.
Sawsan Abulhassan, Deputy Group CEO, Private Banking and Wealth Management, says: “Over the past four years we have worked closely with Aviva Investors on two funds that we already offer to our clients and have been impressed by the level of service and performance that we have received. This long-standing relationship, combined with their expertise in real estate multi-manager, were the main factors behind us selecting them to manage this fund. It is important to us that we are able to deliver outstanding value to our clients and we believe that we can achieve this through our successful relationship with partners such as Aviva Investors.”
Bart Coenraads (pictured) says: “I’m very pleased that AUB chose Aviva Investors to manage this fund. Ongoing volatility in the global markets is encouraging investors to have greater diversity in their real estate portfolios and Asia Pacific is a region that we strongly believe offers diversity through the many opportunities within the region. Capital growth remains robust in many key markets and the region offers some of the strongest economic prospects in comparison to other markets.”
This appointment brings the total number of funds Aviva Investors manages on behalf of AUB to three.