

Simon Robson-Brown joined ING Clarion Real Estate Securities as senior vice president, and Daisuke Hotta joined the firm as senior investment analyst in Tokyo. Both are new positions. Mr. Robson-Brown was a director of real estate equity research at UBS in London and has not been replaced yet, said Sarah Small, UBS executive director of media relations, Mr. Hotta was an investment analyst at ING Funds Management; an ING spokeswoman would not comment on whether he has been replaced.