British fund manager Schroders has named Sophie van Oosterom as the global head of Real Estate, effective January next year.

Oosterom will succeed Duncan Owen, who has been working at the firm for nine years.

Owen will step down from the role this December.

He will remain with the €19.2bn Schroders Real Estate unit in the role of a special adviser.

Duncan will continue to advise the Schroders UK REIT and the SREIM board in connection to the newly acquired Schroders Pamfleet entity in Asia, where he will have a board seat.

In the new role, Oosterom will manage the direct as well as indirect real estate portfolio.

She most recently served as the CEO and CIO of EMEA at CBRE Global Investors, with responsibility for the region’s investment strategy and performance, underwriting and programme development.

Previously, she worked as a managing director and European head of asset management of the Lehman Brothers Real Estate Partners private equity funds (now Silverpeak Real Estate Partners).

Schroders Global Head of Private Assets Georg Wunderlin said: “Sophie joins us with a strong track record of building successful private assets businesses. She will be a key partner in our strategy to become a market leader in this field.

“This is an exciting time in our journey, and Sophie brings a wealth of relevant experience which will help us achieve the next phase in our growth for our real estate and broader private assets platform.”

Schroders had several management changes lately.

Last month, Peter Hetherington – the CEO of Schroders Personal Wealth – announced plans to resign after eight months in the role.

Schroders Personal Wealth is the joint financial planning business of Schroders and Lloyds.

Earlier this year, Schroders Personal Wealth named Peter Brunt as its new head of manager research.

The firm also reshuffled its Asia Pacific leadership this year.