Pramerica Real Estate Investors has promoted Philip Barrett to the position of global chief investment risk officer.

Pramerica Real Estate Investors has promoted Philip Barrett to the position of global chief investment risk officer.

Barrett most recently served as chief risk and investment officer for the Middle East, Europe, Australia and Asia, and his new role adds responsibility for the US and Latin America.

He joined Pramerica in May 1999 after spending nine years at Arthur Andersen. At Pramerica, he joined and ultimately led the European opportunity and value-add funds group, which originated, arranged and invested more than €1.7 bn in equity in more than €6 bn of real estate in 10 countries across Europe.

Barrett has experience in all primary real estate sectors, along with senior care, hotels and self-storage.