Duncan Owen to succeed William Hill as Head of Property Investment Management

Schroders has today announced that Duncan Owen, Head of Property Investment, will succeed William Hill as Head of Property, with immediate effect. After almost 25 years with the firm, William will become an adviser to Schroders on property matters, ensuring a smooth handover of responsibilities.

William Hill, Head of Property, comments;

“After almost 25 years at Schroders, I feel that it is time for me to hand over the reins of the property business to Duncan. I look forward to continuing to help Schroders in my new role as an adviser to the firm, assisting most immediately with the proposed lease of One London Wall Place, which was announced yesterday.”

Philip Mallinckrodt, executive Director, comments;

“I would like to thank William for his significant contribution to Schroders and we wish him well for the future. Duncan has done an excellent job as Head of Property Investment since he joined us in January 2012 and is well-placed to succeed William.”

Duncan Owen, Head of Property Investment, comments;

“It has been a pleasure to work with William closely over the last two years which has provided me with a depth of insight into Schroders’ Property Investment Management business. I am excited about taking on the role and continue to see the potential for future growth.”

 For further information, please contact:

Emma Holden, Corporate Communications

Tel: +44 (0) 20 7658 2329

Beth Saint, Head of Channel PR

Tel: +44 (0)20 7658 6168\ 07500 764 560

Notes to Editors

For trade press only.

William Hill – CV

William joined Schroders in 1989 and began his investment career in 1985 after qualifying as a Chartered Surveyor with Drivers Jonas. He is a member of the Royal Institution of Chartered Surveyors (RICS), a member of the Worshipful Company of Chartered Surveyors and a past chairman of the Association of Real Estate Funds. He is also a member of the BPF Finance Committee, sits on the Investment Advisory Committee of the Goldsmiths Company and is a director of the Chartered Surveyors Training Trust.

Duncan Owen – CV

Duncan joined Schroders in January 2012. He was previously Chief Executive Officer of Invista, having led its creation and IPO as a newly formed property fund management business listed in London. Invista was formed on 1 September 2006 from the Fund Management business of Insight Investment Management Limited.

Duncan joined Insight in 2003 following its acquisition of Gatehouse Investment Management, the real estate investment management boutique which he co-founded. Previously he was a director at LaSalle Investment Management and a partner at Jones Lang Wootton. He has a degree from Sheffield City University, is a qualified chartered surveyor and a member of the British Property Federation’s Policy Committee.

Schroder Property

Schroders has managed property funds since 1971 and currently has £10.5 billion (EUR 12.4 billion/US$ 15.9 billion) of gross property assets under management (at 31 March 2013). For further information about Schroders’ property business visit www.schroderproperty.com.

Schroders plc Schroders is a global asset management company with £255.8 billion under management as at 2 July 2013. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.

With one of the largest networks of offices of any dedicated asset management company, we operate from 37 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.

Further information about Schroders can be found at www.schroders.com.

Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.