Oxford Properties Group has promoted both Joanne McNamara and David Matheson to head its European and Asia Pacific business.

The global real estate manager said the role, held by executive vice president Paul Brundage, is being replaced with the two new executive leadership positions to reflect the growing size and importance of the firm’s Asia Pacific and European businesses.

Brundage will move to Canadian pension fund OMERS, Oxford’s parent company, to take up the role of deputy chair, investments. Brundage joined OMERS’ real estate business in 1998 before joining Oxford following its acquisition by OMERS in 2001.

McNamara and Matheson were promoted to managing director, head of Europe and head of Asia Pacific respectively in July last year when Oxford reorganised its global leadership team.

McNamara joined Oxford from Hammerson in 2010. She has gone on to hold a series of roles within the company, most recently leading the company’s European investment team.

Matheson joined Oxford in 2013 from Goldman Sachs to initially lead its European investment team, a remit which grew to include Asia Pacific in 2017. Since 2018, he has led the company’s push into Asia Pacific.

Michael Turner, president of Oxford Properties, said: “Over the past year, we’ve worked to transition our global leadership team and our ability to promote from within demonstrates the depth of talent we have within our ranks.”

Turner said McNamara and Matheson have already made substantial contributions to the Asia Pacific and European businesses and are positioned to deliver upon the next phase of the company’s growth story.

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