In QuotedData’s morning briefing September 19 2023:
- AEW UK REIT (AEWU) has appointed a new chairman designate. Robin Archibald, formerly head of corporate finance and broking at Winterflood Investment Trusts, has taken a non-executive director role and will be appointed chairman of the company at the 2024 AGM when current chairman Mark Burton will retire. The company has also appointed Liz Peace as a non-executive director, who will replace Bim Sandhu on the board, who will retire on 30 September 2023 having reached the end of his nine-year tenure as director. Robin worked as a corporate financier with Samuel Montagu, SG Warburg Securities, NatWest Wood Mackenzie and as partner in corporate finance with a Scottish accounting firm and its successor corporate finance boutique. He has concentrated for much of his career on advising and managing transactions in the UK closed-ended funds sector. He was chairman of Albion Technology Venture Capital Trust and a former audit chairman and senior independent director of Ediston Property Investment Trust, roles he retired from in the first half of 2023. Robin is currently audit chairman and senior independent director of Capital Gearing Trust, Shires Income Trust and Henderson European Focus Trust. Liz has worked in both the public and private sectors, spending her early career in government in the Ministry of Defence, eventually becoming a key player in the creation of QinetiQ plc in 2001. She then moved into the private sector, becoming chief executive of the British Property Federation where she played a significant role in the creation of the UK’s Real Estate Investment Trust (REIT) structure. She was awarded a CBE in 2008 for services to the property industry. She now has a non-executive portfolio career primarily focused on real estate including non-executive roles at Howard de Walden Estates, Greencore Homes and the Connected Places Catapult. She was previously a director of RPS Group plc, RDI REIT plc, Morgan Sindall Group plc and Redrow plc.