Abrdn, JLL, Knight Frank, Target Healthcare REIT, Mirvac, Alpha Real Capital, Gore Street Capital, IPSX, HSBC, Downing, ThomasLloyd, LaSalle, Colliers International
LaSalle Investment Management – Samer Honein will succeed Alok Gaur as global head of investor relations, effective November 30. Honein will join LaSalle’s global management committee upon the commencement of his new role, and continue to be based in Paris. Honein has been with LaSalle and JLL for more than 21 years and has over 25 years of industry experience. He was appointed LaSalle’s head of EMEA investor relations in April 2021 and in that role has served as a leader both within the IR group and for the firm. He previously worked with LaSalle’s acquisitions team. Gaur joined LaSalle in 2016 to co-lead the global capital raising team and then assumed the global head role in January 2021.
Mirvac – After a decade in the role, Mirvac’s CEO and managing director, Susan Lloyd-Hurwitz has announced her plan to retire from Mirvac on 30 June 2023, providing a smooth transition for her successor. The group has commenced a process for her replacement. As previously disclosed, chair, John Mulcahy would be retiring prior to the end of his three-year term. He has now confirmed he will leave the group on 31 December 2022. Mirvac’s non-executive director, Rob Sindel, has been appointed as the new chair, effective 1 January 2023. Sindel was appointed a non-executive director of Mirvac in September 2020. He has 30 years experience in the construction industry both in Australia and the UK as well as experience operating in high-risk industries. Most recently, Sindel has held roles in senior executive management and leadership, in the building industry supply chain, manufacturing, sales and marketing in business-to-business environments and strategic management. He is currently the chair of Orora Limited, a non-executive director of Boral Limited and is a member of Australian Business Community Network Foundation and the Yalari NSW Advisory Committee. Sindel is the former managing director and CEO of CSR Limited, a former member of UNSW Australian School of Business Advisory Council and a former director of Green Building Council of Australia.
Downing – The sustainable investment manager has appointed former M&G fund manager Paul Taylor to lead a new investment strategy. Downing plans to launch a series of new investment activities and funds, led by Taylor. He is a former senior fund manager and head of restructuring at M&G and will manage capital on behalf of leading institutional investors. Taylor joined M&G from KPMG in 2005 and progressed to become the lead fund manager for the M&G debt opportunities funds and the M&G folios funds. The new strategy will deploy capital from institutional investors into opportunities with high return potential in sectors such as healthcare services in the private equity space and European real estate.
Abrdn – Evert Castelein has resigned from abrdn and will be stepping down as lead fund manager of the Abrdn European Logistics Income. Troels Andersen, who joined Abrdn in April 2011 and is based in Copenhagen, Denmark, will assume the role. Castelein will remain at Abrdn until the end of the year, ensuring a comprehensive handover of his duties. Since 2019 Andersen has been fund manager of Abrdn’s multi-sector European long lncome real estate fund. Prior to this, he was fund manager of Abrdn’s €500m gross asset value Aberdeen Property Nordic I Fund, together with a further segregated value-add mandate. He was previously a member of Abrdn´s Nordic and European Investment Committees. Andersen will be supported by existing team members Geoff Hepburn, Attila Molnar and Ross Hutchison, providing continuity in the management of the portfolio.
IPSX – The real estate stock exchange has appointed Rupert Snuggs as head of origination. Snuggs will support real estate owners and investors who seek to access investment and liquidity opportunities on IPSX. He will work closely with issuers exploring public market admissions for their assets or portfolios who seek to raise capital from new funding sources and realise supportive valuations. He joins from HSBC, where he was a director in global banking, advising financial institutions and real estate corporates across the UK and Europe. He was also the co-chair of balance UK, HSBC’s gender equality group. Snuggs began his career in NM Rothschild & Sons’ equity capital markets team, before moving to Royal Bank of Scotland to advise corporate and real estate institutions on equity and debt capital market transactions across Europe and the Middle East.
Knight Frank – The global property consultant has appointed Andrew Child as its new head of Central London property management. Child will work closely with Michael Lewis, head of property and asset management, and leverage his experience in the Central London office market to further expand the existing Central London property management team. Childs joins Knight Frank from JLL, where he spent over 13 years specialising in commercial property management, leading the firm’s Central London asset management division and overseeing a team of 30 surveyors. He created and led JLL’s design for management team, giving him valuable expertise in fit-out and refurbishment planning as well as project delivery and budget management. The property adviser has also launched a new specialist leisure offer with the senior appointment of John Rushby. Joining as a partner and head of specialist leisure, Rushby will lead the new service line to build on Knight Frank’s market-leading specialist property investment team, as the firm continues to expand its remit. Joining Knight Frank from Colliers International where he was head of specialist Leisure working across the valuations and advisory space.
Target Healthcare REIT – Richard Cotton has been appointed independent non-executive director of the company with effect from 1 November 2022. Cotton is expected to be appointed to the role of senior independent director, following the retirement of Gordon Coull at the conclusion of the forthcoming AGM. Cotton has over 40 years of experience in the property sector and headed the real estate corporate finance team at JP Morgan Cazenove until April 2009. Subsequently, he was a managing director of Forum Partners and chairman of Centurion Properties. He has wide corporate experience as a former non-executive director of Hansteen and including advisory roles with Lloyds Bank and Transport for London. Cotton is currently the chairman of Helical and a consultant to Big Yellow Group, where he served as a non-executive director from 2012 until 2022. Michael Brodtman is expected to be appointed as an independent non-executive director of the company early in the new year. He worked for global property advisers CBRE for over 40 years, retiring as chairman of the UK Advisory division in June. He is a fellow of the Royal Institution of Chartered Surveyors and has been extensively involved with the RICS throughout his professional career. He was formerly a member of the policy committee of the British Property Federation, the RICS global valuation professional board and the Bank of England Commercial Property Forum. Mr Brodtman has further board experience as a former non-executive director of Investment Property Databank and housing association Places for People.
Alpha Real Capital – Maria Vaggione has been appointed as ESG associate. Vaggione joins from Gore Street Capital where she was ESG and investor relations associate, responsible for the project management and delivery of ESG frameworks, disclosures and reporting. Vaggione has considerable relevant experience in the institutional investment space, specifically in alternative funds. She will be bringing her wealth of experience and expertise in ESG and sustainability to help Alpha Real Capital expand ESG capabilities.
ThomasLloyd – The asset manager has appointed Smita Nakhooda as head of impact and ESG. In this newly created role, Nakhooda will work across the group, focusing on both internal and external corporate initiatives, as well as further developing the firm’s investment framework to the highest standard. She will be responsible for leading on ThomasLloyd’s commitment to continuously evolve its policies and practices in line with industry best practice and the global sustainability agenda, and ensure the firm remains at the forefront of impact investing. Nakhooda is a former Asian Development Bank principal results management specialist. Prior to that, she was a senior research fellow at the Overseas Development Institute in London.
Genova Property – Henrik Zetterström has been appointed CFO. Zetterström will take up the position on 1 January 2023. He has broad experience in the real estate sector, including CFO at Estea and M2 Gruppen, and has worked as an authorised public accountant at KPMG in different leading roles. As previously announced, the current CFO Edvard Schéele will leave Genova for a new assignment outside the company at the end of the year.
