Fund Management Team

14 Dec 2007 11:20

AXA Property Trust Ld14 December 2007 To: Company AnnouncementsDate: 14 December 2007Company: AXA Property Trust Limited Subject: New Head of Fund Management Team The Board of AXA Property Trust ("APT") are pleased to announce that MartinMcGuire has been appointed head of the APT Fund Management Team by the Fund'sInvestment Manager, AXA Investment Managers UK Limited. Mr. McGuire is a very experienced property fund manager in both the UK andEurope, most recently as Investment Director at Standard Life Investments wherehe was Fund Manager of Standard Life Investment's £2bn Unit Linked Life PropertyFund. From the early 1990s Mr. McGuire led Standard Life's expansion into Europewhere he built up and managed the property investment and development programmetaking total investment to over €1.5bn and was Fund Manager of Standard LifeInvestment's €800m European Property Growth Fund. The Board would like to take this opportunity to thank Hitesh Patel, the formerhead of the Fund Management Team, for his highly valued work in successfullylaunching the Fund in 2005, bringing it to full investment and achieving itssubsequent growth and wish him every success in his new role within AXA RealEstate Investment Managers. Mr. McGuire commented, "I am delighted with my appointment and look forward tobuilding on the Fund's current strategy and its strong property portfolio byworking with APT's existing Fund Management Team in London and Paris, as well asAXA REIM's network throughout Europe". The updated APT factsheet is available at:http://www.axa-im.co.ukPlease follow the prompts to 'Literature' and 'Factsheets'. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745529Fax: 01481 745085 This information is provided by RNS The company news service from the London Stock Exchange