Lend Lease’s former EMEA managing director Tony Brown has quit the firm, to take up a new role with M&G Real Estate.
Mr Brown has been made chief investment officer at M&G Real Estate, where he will report to chief executive Alex Jeffrey.
In his role at Lend Lease, which he departed in October, he had held responsibility for £2bn of real estate and £2.5bn of infrastructure assets on behalf of 50 institutional investors globally.
Prior to his time at Lend Lease, Mr Brown managed the Schroder Emerging Retail Fund.
Lend Lease head of asset management Mark Boor is understood to be deputising for Mr Bown while a full-time replacement is sought.
Brown said: “I’m very pleased to be joining M&G Real Estate. The backing of a strong balance sheet, its international reach and investment track record provides an excellent platform for growth and the prospect of exciting times ahead for the business.”
It is the latest in a series of senior moves within Lend Lease. The firm announced in September it had appointed Neil Martin as its head of construction in Europe.
That followed the announcement in May that Lend Lease’s EMEA construction chief Michael Dyke had left the firm, along with commercial director Tom Spilsted, operations director Simon Parham and senior legal counsel Alistair Cutts.
In November, Lend Lease group chief operating officer Dan Labbad returned to take over from Lend Lease chief executive of EMEA Simon Hipperson, who left the company after little more than a year in the role, having joined in August 2012.