UBS Global Asset Management today announced a former Axa chief as their new Global head of real estate fund of funds & securities.

Roddy Sloan, former global head of business strategy with AXA Real Estate Investment Managers, will be based in London to lead a global real estate fund of funds initiative and to supervise the existing global real estate securities business.

He will be a member of the global real estate management committee reporting to the head of the global real estate business, Paul Marcuse, who joined the company in January.

UBS say Sloan, who was appointed to the Asian Real Estate Association’s management committee in November last year, will bring a wealth of European and Asian real estate experience to the team.