David Hunter links up with Savills

By David Hatcher

David Hunter, managing director of Hunter Advisors has been appointed as an adviser to Savills on its fund management interests.

The past president of both the British Property Federation and chairman of the Scottish Property Federation will have the particular focus of advising Savills as a shareholder in Cordea Savills.

The international fund management business is jointly owned by Savills and Cordea's management team.

Glasgow-based Hunter, who in the past has been a fund manger for Aberdeen Property Investors and RREEF and also led the management reorganisation of Treveria, the AIM-listed German retail fund, said of the tie up:

'Savills has a significant stake in Cordea Savills, but Savills themselves are not fund management experts. Cordea Savills is an interesting business and Savills has to make decisions as a shareholder and a partner.

'Traditionally the relationship between advisors to funds and management has been complicated. There has always been a strong effort to be independent and they [Cordea Savills and Savills] are.

'This is a time of great challenges and opportunities in fund management and I look forward to assisting Savills in this area. Cordea has a wide product range and investor base and is in a good position to take advantage of current market opportunities to grow.'