AIMS Financial Group (AIMS) has hired property veteran John Snowden as head of global property securities.
Snowden will be managing the property mandates under MacarthurCook as well as developing the firm's domestic and global property securities portfolio.
AIMS bought a majority stake in the MacarthurCook business in July 2009 as part of a strategy to grow its funds management business.
Snowden has worked for a number of investment firms including JP Morgan Investment Australia and UBS Asset Management (UBSAM), where he headed the property team.
In late 2005, he was poached by Colonial First State Global Asset Management to head its global property securities business.
Snowden subsequently brought over a number of people from UBS to help manage the business.
He was responsible for managing over $8 billion in Australian and global property securities.
"John comes to us with an extremely strong background in managing both Australian and global property securities. He is the perfect fit for this role," AIMS chief executive George Wang said.
"Under John's leadership we expect to be in a position to offer a broader range of property securities products to domestic and overseas clients.
"We have particularly strong business relationships in China and the ASEAN [Association of South East Asian Nations] region and this is an area of special focus for us and our clients in the years ahead."
