The chief executive of ING Real Estate Investment Management, one of the world's largest property managers, is to leave the company within months of being promoted to his global position. His departure follows ING announcing a wide-ranging restructure of its business last week.

Robert Houston will leave the company on August 1, and will focus on establishing a strategic advisory business and growing his sports charity, according to a statement from ING. He was head of the UK business before ING appointed him as global chief executive in September last year.