Principal Asset Management has hired Richard Hill from Cohen & Steers to head global real estate research and strategy at firm.
Hill, who joined Cohen & Steers as head of real estate strategy and research in September 2022, will now lead the $100bn (€91.7bn) Principal Real Estate’s global real estate research team, providing clients with the firm’s economic and real estate insights.
With 24 years in the industry, Hill’s experience includes more than nine years at Morgan Stanley, where he oversaw commercial real estate research, covering real estate investment trust equity, commercial real estate debt and macro property analysis, prior to his tenure at Cohen & Steers.
Hill also held roles at Bank of America and served as a director of strategy for commercial mortgage-backed securities and collateralised loan obligations at RBS Greenwich Capital.
John Berg, senior managing director and global head of private real estate at Principal Asset Management, said: “Real estate markets are becoming increasingly complex, requiring deep expertise and a nuanced approach to investment strategy.
“Rich brings a unique combination of market insight, portfolio management experience, and research-driven innovation that will be invaluable as we navigate opportunities across global real estate. His leadership will be instrumental in shaping our investment approach and delivering strong outcomes for our clients.”
To read the latest IPE Real Assets magazine click here.
