Aviva Investors has appointed James Tarry as fund manager for Real Estate Debt in order to expand its debt financing capabilities at a time of strong investor demand for alternative yield-generating investments.
Aviva Investors has appointed James Tarry as fund manager for Real Estate Debt in order to expand its debt financing capabilities at a time of strong investor demand for alternative yield-generating investments.
Tarry has over a decade's experience in debt financing and investing and has worked on the origination, execution and management of many large European real estate financing transactions. He joins from Cordea Savills, where he was co-head of debt investment.
Prior to this, he worked at Palatium Investment Management, a specialist real estate debt manager, where he managed a £355 mln commercial real estate CDO. He has also worked in structured finance at Citigroup, Eurohypo and Deutsche Bank.
He will report to Ben Stirling, managing director of Real Estate, UK and Europe. His focus will be on strengthening Aviva Investors' position and offering real estate financing and debt investing to external investors, a market in which Aviva has been active for over 30 years.
Ben Stirling, managing director of Real Estate, UK and Europe, commented: 'There is a compelling demand as investors increasingly look at ways to diversify their fixed income portfolios and real estate debt offers attractive risk adjusted returns as a complement to traditional fixed income investments. As many banks are reducing the size of their balance sheets, opportunities are increasing for non-bank lenders to step in and institutional investors are looking at this space ever more closely.'
