Global investment management firm Barings has promoted Marco Corti to managing director, to assume the role of Italy country head.
Corti has worked in the Italian team as director transactions and asset management since 2017. Some of his highlights include spearheading the successful repositioning of two Milan assets, 9-11 Via Pola and Corso di Porta Vigentina 9, into prime office assets, according to Barings.
Corti takes over the role from Valeria Falcone, who becomes head of value add investing Europe. Falcone will retain her position as portfolio manager of the Barings European value add strategy, for which she has been responsible for deploying circa €800 mln in real estate equity transactions in Europe over the last five years across the risk spectrum.
Both Conti and Falcone will continue to be based in Barings’ Milan office.
Falcone said: 'Since we launched the Barings Milan office in 2015, we have established ourselves as a significant player in Italy, where we continue to source new and exciting opportunities to create value and deliver strong results on behalf of our investors.
'I have worked closely with Marco since he joined Barings in 2017 and I know that he will do a great job in continuing the upward trajectory of our business here.'
Corti added: 'In Italy we have taken a hands on approach to investment and asset management, which has enabled us to quickly become a highly regarded partner in this market.
'This would not be possible without our expert teams on the ground who provide us with invaluable insight and local knowledge. I would like to thank Valeria for her support and guidance over the last few years and I look forward to building on her success in the years to come.'
