Swiss investment bank UBS has hired Eric Byrne as the next head of its real estate multi-manager platform. He will succeed Roddy Sloan, who has decided to retire after more than 32 years in the sector.
Currently chief operating officer of the global multi-manager and securities platform, Byrne will start in the new role next week.
He takes charge of a platform which had approximately $12.5 billion of assets and committed capital under management as of December last year, including Global Multi-Manager, Global Property Fund and Swiss Real Estate Securities platforms.
The real estate multi-manager business of UBS sits within its UBS Global Asset Management, the division responsible for the bank’s private real estate investments. One of the largest real estate investment management businesses globally, UBS manages approximately $65 billion of assets.
Within the global multi-manager business, he will be supported by Matt Johnson, Graham Mackie and Jean-Luc Seidenberg, the bank’s regional heads for the Americas, Asia-Pacific and Europe respectively.
Byrne will report to Thomas Wels, head of global real estate at UBS. Wels became head last November, succeeding Paul Marcuse.
“Since joining UBS in 2007, Roddy has launched and led the GMMS business and we are very grateful to him for his contribution to its success”, said Wels. “Following his retirement, Roddy will remain on a number of important committees within both the Global Multi-Manager and Global Property Fund platforms, allowing us to continue to benefit from his extensive real estate knowledge and experience.”