JLT Manager Search Service - SWIM - helps Devon County

Council appoint Aviva Investors

3rd February 2012, London:  Devon County Council has used the JLT Investment Consulting (JLT) Manager search service, SWIM (Search Work on Investment Managers), to appoint Aviva Investors as its real estate multi-manager manager to oversee the whole of the Devon County Councils Pension Fund property portfolio.

A spokesperson from Devon County Council, said "We decided to use the services of JLT for this search based on their strong reputation for a clear and detailed structured approach in manager analysis. The key factor for the Fund on this occasion was to select a manager who could accommodate the challenges of taking into account the existing stable of property holdings that we have built up over the years. Aviva has a strong and stable business structure, with a lengthy track record in property fund of fund management and a robust investment process that has served them well. Aviva's knowledge of the current Devon property investments and their clarity on the way the portfolio would be managed going forward gave us confidence that they were the right choice."

John Gellatly, Aviva Investors' Head of Real Estate Multi-Manager - Europe, added: "We're delighted that Devon County Council chose us to manage its property portfolio. Our team has over 15 years experience of managing real estate multi-manager portfolios and, as one of the largest managers of UK indirect portfolios, we have the scale and detailed knowledge to work with the existing underlying investments, all of which we already hold positions in. We look forward to working with Devon County Council to deliver a strategy that meets their specific requirements."

SWIM provides a flexible and robust approach in assisting clients in the selection of the asset manager(s) that best meet(s) with the client's requirements for running particular mandates. With a proven track record for success, this reduces the amount of searches a client may be required to make over the long term, thereby reducing the overall costs to the pension fund.

John Finch, JLT Divisional Director JLT Investment Solutions said, "The exercise brought out strong responses from a wide variety of asset managers and from our observations and knowledge we believe that Aviva Investors were, on this occasion, the best equipped to meet with the expectations of Devon County Council."

--ENDS--

 

Enquiries:

JLT Group Corporate Communications                   JLT Benefit Solutions

Isabella Young                                          Simon Hazeldine

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+44 (0)20 7558 3387                                   +44 (0)1727 775 102

 

Editor's Notes:

About JLT Investment Solutions

JLT Investment Solutions has been established to provide the full range of investment services encompassing, investment consulting services and discretionary investment management to institutional, corporate and high net worth clients, on a stand alone basis or as part of a range of combined services. 

The JLT Employee Benefits Group of companies includes: JLT Benefits Solutions Limited, JLT Wealth Management Limited, JLT Investment Management Limited, Profund Solutions Limited, Independent Trustee Services Limited and JLT Pension Capital Strategies Limited.

JLT Employee Benefits Group is part of Jardine Lloyd Thompson Group plc.

http://www.jltgroup.com/employee-benefits/

About Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 16 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £269 billion at 30 June 2011.

Jardine Lloyd Thompson Group plc

Jardine Lloyd Thompson Group plc (JLT) is an international group of risk specialists and employee benefits consultants and one of the largest companies of its type in the world. JLT offers a distinctive choice to clients and partners through our combination of independence, scale and specialism.

The Jardine Lloyd Thompson group is quoted on the London Stock Exchange and employs over 6500 people worldwide and through the JLT International Network provides services in more than 130 countries.

http://www.jltgroup.com/