People moves: Maddox joins Aviva Investors real estate long income team
BMO Global Asset Management, Aviva Investors, Knight Frank, Arrow Capital Partners, Cromwell Property Group, Ondra Partners, Vasakronan, CBRE Group, American Tower Corporation, AXA IM - Real Assets, EstCapital SGR, Astrea Asset Management, Brockton Capital, Cushman & Wakefield, Dahler & Company
Aviva Investors – Michael Maddox has joined the asset manager’s real assets team as origination manager, real estate long income. Maddox will focus on sourcing and originating investment opportunities across institutional mandates. He joins Aviva Investors after five years at Knight Frank Investment Management where he was most recently an assistant fund manager on the long income property unit trust. He previously worked for BNP Paribas Real Estate.
Arrow Capital Partners – The real estate investor has appointed Danilo Hunker as head of Germany. Prior to joining Arrow, Hunker worked at Valad Europe/Cromwell Property Group for seven years, latterly as head of Germany. He has also held senior asset management roles at HIH Hamburgische Immobilien Handlung and Deutsche Real Estate.
BMO Global Asset Management – The global investment manager has appointed Stewart Bennett to the newly created role of global head of alternatives. Bennett will oversee the company’s newly formed global alternatives offering. Based in London, Bennett has been charged with developing and executing the firm’s alternative investments global growth strategy. He joins BMO Global Asset Management with 25 years of experience in investment banking and private equity, including 10 years as a partner and head of the financial institutions group at Ondra Partners. His previous experience includes Dresdner Kleinwort, where he was managing director and head of financial institutions group, strategic advisory, and the private equity firm Botts & Company.
AXA Investment Managers - Real Assets – Hermann Montenegro and Antonio Miani have joined the manager’s senior team in Italy as country team head and head of asset management respectively. Montenegro will assume leadership of the Italian team and will have overall responsibility for all aspects of AXA IM - Real Assets’ Italian business. The new role will be in addition to Montenegro’s ongoing responsibilities as country team head for Spain and Portugal. Montenegro joined AXA IM - Real Assets in 2006 and has over 15 years of experience in the real estate industry. Miani joined AXA IM - Real Assets in 2017 as a senior asset manager, Italy and has been responsible for the management of the 8Gallery shopping centre in Turin, the Bodio office centre in Milan, and an Italian healthcare managed portfolio. He replaces Federico Faravelli, who has relocated to London to lead AXA IM - Real Assets’ UK asset management function. Prior to joining AXA IM - Real Assets, Miani spent eight years as a fund manager with EstCapital SGR.
Vasakronan – Fredrik Wirdenius is stepping down as chief executive of the Swedish real estate company. Wirdenius, who has been in the top role for 11 years, said he had opted to resign because it was best for the company to take on a new leader and that the same one did not stay in the position for too long. Vasakronan, which is owned by Sweden’s AP funds, said its supervisory board would begin the recruitment process for a new chief executive immediately, and that Wirdenius would stay on until a suitable replacement was selected.
CBRE Group – The commercial real estate services and investment firm has appointed Leah C Stearns CFO. Stearns, who assumes her new role on May 15, was previously senior vice president and CFO for American Tower Corporation’s US division. She joined American Tower in 2001. Stearns will oversee CBRE’s global finance and accounting organisation, including tax, treasury, balance sheet management, financial planning and analytics and investor relations. She will be based in Dallas.
Astrea Asset Management – The real estate manager has appointed Tony Edgley as independent director. Edgley joins after eight years as a partner at Brockton Capital and 10 years as the managing director of Jones Lang La Salle Corporate Finance. He has recently been appointed the non-executive chairman of M7 Real Estate.
Cushman & Wakefield – Philipp Krohn has been appointed to lead residential property transactions in Hamburg and across northern Germany. Krohn has more than eight years’ experience in Hamburg’s property market and joins from Dahler & Company where for the past four years he was managing director. The appointment marks Cushman & Wakefield’s first move into the wider residential property market in Germany. The new service offering will also include strategic consultancy services, production concepts, support in identifying land for development and design and execution of sell-off strategies.