GE RE sets up new European investment management arm

GE Real Estate said on Thursday it had appointed Thierry Leleu as the European head of its newly set up global investment management operations. Leleu will work closely with both Joe Parsons, president and CEO of GE Real Estate Global Investment Management, and Olivier Piani, president and CEO GE Real Estate Europe, and their teams to develop the strategy for investment management in Europe, the company said in a statement.

'Thierry's breadth and depth of expertise will be of enormous benefit to our investment management platform and provides it with a strong basis on which to grow. His knowledge of joint ventures, M&A activity and real estate investment transactions positions him perfectly to identify the most appropriate strategy to take the business forward and deliver value for GE Real Estate and future investors in our funds,' the company said.