Nordic real estate investor NREP has appointed Colin Throssell as chief financial officer (CFO) and partner.
Based in NREP’s London office, Throssell will oversee the business’ international financial function. He has more than 20 years' experience and joins NREP from Nuveen where he latterly served as head of real estate, Europe.
Previous positions include that of CFO at both Nuveen and TIAA Henderson Real Estate, and he has also held various real estate banking, lending and structured finance roles at Europhypo and Erste Bank over the course of his career. Throssell qualified as a Chartered Accountant with EY in 1998, following graduation from Bristol University.
Said Throssell: 'Having followed NREP’s growth and success with interest over recent years, I was struck by the business’ broader purpose which I now know permeates throughout its culture and is intrinsically linked to its financial performance – something that stands out as both rare and admirable within the industry.
'I am proud to join an organisation with strong integrity and deep-rooted values, and to have an opportunity to play a role in setting the direction for the next phase of its exciting evolution.'
Henrik Skak Bender, chief operating officer and partner at NREP, said: 'Colin’s arrival signals a bolstering of NREP’s financial function, which is essential as we become a bigger business with a broader product offering, whilst also strengthening our partnership which will benefit from his unrivalled expertise.
'We are excited to welcome another international recruit at this high level, which reflects our long-term strategy of launching into new markets where NREP can actively participate in enhancing the urban eco-system.'
Bo Holse Rasmussen, who has been CFO of NREP since 2018, will relocate to Luxembourg to spearhead a newly established fund operations function, which includes fund management of all current and new NREP funds, from inception to closure.
Throssell’s appointment increases the NREP partnership to 19. He is also NREP’s fifth new partner in six months following the external appointments of Jens Stender, who joined as head of global markets from Egon Zehnder, and Heather Mulahasani, who arrived from Goldman Sachs to explore infrastructure investment opportunities, alongside two internal promotions to the partnership.
NREP is the largest real estate investment manager in the Nordics with approximately €18 bn assets under management.
