Neil Slater, the global head of real assets for the past three years, is set to leave abrdn for another opportunity.

Ms Breen, who has been with the firm since 1999 and previously served as deputy head of real assets, will report to chief investment officer Peter Branner. Her experience spans various real estate asset classes, including debt and indirects, and she has played a crucial role in the modernisation of abrdn’s real estate business over the past 24 years.

Mr Branner said: “We need to deliver superior investment performance for our clients, simplify our structures and enhance our capabilities. The change today will help us to grow— from both a business context and as individuals and teams.

“It will also improve how we work together, share ideas and learn from each other — delivering better investment outcomes for our clients. Anne knows abrdn well and I am delighted to announce her promotion, she is a highly experienced real estate investor and leader within our business.

“Growing our alternatives offering remains a strategic priority, and our teams will work more closely together to drive forward our growth agenda.

“After three years as Global Head of Real Assets Neil Slater will be leaving abrdn to pursue another opportunity. I would like to wish Neil all the best in the next phase of his career.”