The Duke of Westminster's property company Grosvenor Group has appointed Stuart Beevor as group fund management director in charge of Grosvenor's £6bn asset management business.
Beevor resigned as managing director of Legal and General Property (L&G) last week and will join the Grosvenor Group early next year.

Commenting on his appointment, Beevor said: 'Grosvenor is a unique company with a strong and growing international business. I am delighted to be joining Grosvenor to help build on their established and developing relationships with third party investors.'

The appointment reflects the Grosvenor Group's commitment to developing its fund management and co-investment business, which it hopes will become a significant part of the company.

Beevor will replace Grosvenor's current group fund management director Mark Preston, who will manage Grosvenor's business in the US.