24/05/2007

Standard Life Investments Deepens Global Real Estate Coverage

Standard Life Investments, the global fund manager, today announced that it has strengthened its coverage of the listed real estate markets in The Americas with the appointment of Jay McKelvey as Real Estate Analyst, The Americas. Jay was previously a Portfolio Manager and Senior Research Officer at RMR Advisors in Newton, Massachusetts.

Reporting to Andrew Jackson, Investment Director – Global Listed Real Estate, Jay will have responsibility researching and analysing opportunities in the listed real estate markets of The Americas. He will generate investment ideas for Standard Life Investments' global real estate funds. Jay will join Standard Life Investments' Boston office on May 29th.

Commenting on the appointment, Andrew Jackson said:

"Jay's appointment represents a significant step in the development of our global real estate offering. He is a great addition to Standard Life Investments' property operation and will bring a great deal of experience to the team.

"Jay's main focus will be on generating investment ideas from the opportunities which currently exist within the listed real estate markets of The Americas. His knowledge and in-depth coverage of these markets will help maintain the strong performance of our Select Property and Global REIT funds."