Global fund manager promotes, restructures European unit

A global real estate investment manager announced several promotions and restructured its European business.

TH Real Estate promoted Michael Neal to chief investment officer for Europe and Asia Pacific. London-based Neal joined the firm in 2008 and was previously the head of UK investment.

Neal has worked in several executive roles for UK and European funds, the most recent being a director of retail warehouse fund management with Aberdeen Asset Management.

Ray Adderley was subsequently promoted to global head of performance and investment process. The TH Real Estate veteran has helped drive the investment process and performance reporting in Europe and Asia Pacific for the last 19 years.

TH Real Estate also announced three other promotions for its European segment in light of aligning the business model to core sectors of offices, retail, logistics and commercial real estate debt.

In newly appointed roles as heads of the European sector, Nick Deacon takes on European offices; Myles White leads European retail, while Thorsten Kiel was appointed the European logistics portfolio.

Christian Janssen continues in his role as head of European debt.

Head of TH Real Estate Mike Sales said: "Our business has experienced tremendous growth over the past few years, placing us in the top four global real estate investment managers. It is essential that we structure our business in a way that can most efficiently provide for the future needs of our clients."

Sales added: "We need to operate our European Investment platform in a way that can most efficiently provide for the future needs of clients in a way that enables us to fully leverage the benefits of our scale, both commercially and operationally."

Nick Evans, TH Real Estate executive director and head of Australia said the appointments reflect the group's ongoing commitment to provide clients with equity and debt expertise across different markets and geographies.

"We're seeing increased demand from Australian-based clients to grow their offshore investment portfolios," Evans said.

TH Real Estate is an affiliate of Nuveen (the investment management arm of TIAA) with US$109 billion of assets under management.

Read more: TH Real EstateAberdeen Asset ManagementChristian JanssenMichael NealMike SalesMyles WhiteNick DeaconNick EvansNuveenRay AdderleyThorsten Kiel
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