Joe Froud was named head of Schroder Real Estate Ventures for Schroder Investment Management Ltd., London, a new position. He had been a director of Schroder's existing property business. Paul Taylor was named head of direct property investment in London, also a new position. He had been a product specialist at Merrill Lynch Investment Managers Ltd., London, where others assumed his responsibilities. Also, Phil Irons will become head of transactions, another new position. He had held a similar job at Benchmark PLC, London.