Asset manager Henderson Global Investors has appointed Andrew Friend to head up the UK distribution team for its £12.4 bn (EUR 14.2 bn) property business.

In his newly-created role as director of institutional business Friend will oversee existing accounts in the UK, Germany, Scandinavia and Benelux and develop future growth in other markets.

Friend has been with Henderson for 11 years and was previously fund manager of the Henderson UK retail warehouse fund. More recently, he worked on the launch of German retail funds from the company’s Frankfurt office.

Henderson's property division holds property funds across Europe, Asia and the US.