Invesco Real Estate announced new leadership for its flagship Asia fund last week by promoting Australian real estate veteran Ian Schilling to lead portfolio manager for its Invesco Real Estate Asia Fund.
Schilling, who joined the US-based asset manager from Morgan Stanley Australian-subsidiary Investa Property Group as a Managing Director in 2011, also heads the firm’s Asia Pacific acquisitions and Australian real estate operations for the firm from its offices in Sydney. In his new role, the Royal Melbourne Institute of Technology graduate will also now be in charge of core mandates across Asia Pacific for Invesco.
Schilling takes over management of the open-ended core fund, as well as authority for core mandates in the region, from Graeme Torre, who decided to leave Invesco for personal reasons, according to a statement by the company.
The Real Estate Asia Fund was set up by Invesco in 2013 shortly after the company took over the fund platform of then-embattled American International Group (AIG). The investment vehicle, which is invested by major pension funds including California State Teachers Retirement System (CalSTRS) focuses on core investments in Japan and Australia, and also looks at opportunities in Hong Kong, Singapore, China and South Korea.
During his time at Investa, Schilling managed over US$6 billion in funds, and was responsible for investing US$4 billion at Colonial First State Property in Australia, according to Invesco. For the Real Estate Asia Fund, Schilling will be assisted by Louise Kavanagh, who will continue to serve as Fund Manager, and all other members of the team are said to be unchanged.