IPD, the provider of property indices and benchmarks, has secured Colonial First State Asset Management’s (CFSAM)’s former head of research, Dr Anthony De Francesco, as managing director of its Australia and New Zealand business.
The appointment is one of a number of key changes to the business, which includes the relocation of the IPD Australian head office from Melbourne to Sydney.
De Francesco succeeds John Garimort, who has led IPD in Australia and New Zealand since 2005 and who will continue to be based in Melbourne, ensuring continuity and a link with superannuation funds.
During his seven years at CFSAM, De Francesco was responsible for the provision of strategic research on property and infrastructure investment markets and supporting the funds management business.
Prior to this De Francesco was head of research at Lend Lease Real Estate Investments.
Meanwhile, IPD’s London-based director for Asia Pacific, Kevin Swaddle, will be positioned in Australia during the transition.
