Invesco Real Estate, the real estate arm of Atlanta-based asset manager Invesco, has named Ian Schilling as the head of its core mandates in Asia.
Schilling, managing director and current head of Asia Pacific acquisitions and Australia real estate, replaces Graeme Torre who is leaving the firm for personal reasons, according to an emailed statement from the firm.
Although no role has been lined up, PERE understands that Torre is expecting to remain in the Asia private real estate market.
Torre joined Invesco back in 2011 when it acquired the Asia private equity real estate platform of American International Group (AIG), which Torre was leading. Among his responsibilities was the firm's open-ended, pan-Asia Invesco Real Estate Asia Fund which was launched back in 2014.
Louise Kavanagh, fund manager for Invesco Real Estate Asia, will continue to work alongside Schilling. The other members of the firm's core investment teams, as well as the senior managers that lead the Asia-Pacific business, will remain unchanged, said the firm.