Edinburgh investment giant Abrdn announced a big shake up in its Real Assets business, with 12 people “voluntarily” leaving the business.

In its Real Assets unit, Abrdn said Core European will be led by Veronica Gallo-Alvarez, Core UK will be led by Cameron Murray and Direct Asia will be led by Paul Lee.

In the Real Assets “Living” business, Marc Pamin will take on the new role of CEO of Living.

Industrial Logistics will be run by Abrdn’s Tritax team, Indirect Real Assets will be led by Svitlana Gubriy, Infrastructure will be led by Dominic Helmsley and Gershon Cohen, and Real Assets Capital & Structuring will be led by Tom Stenhouse.

“Real Estate and the broader Real Assets business is a strategic priority for Abrdn, and we are evolving to ensure we continue to offer the best investment capabilities and products for our clients …” said Abrdn.

Anne Breen has been appointed as Deputy Head of Real Estate, retaining her existing Investment Strategy responsibilities together with line management oversight of Indirect Real Assets, ESG, Debt Advisory and European Asset Management.

James Dunne has been appointed as Head of Operational Real Estate and Oli Lord has been appointed Head of UK Transactions.

“As a result of these changes, we can confirm that 12 people will voluntarily leave the business, we would like to thank all  for their contribution to the business and wish them success for the future,” said Abrdn.