Prudential Real Estate Investors, one of the major players in global real estate investment management, has appointed Raimondo Amabile and Andrew Radkiewicz co-heads of its European business. Philip Barrett has also become chief risk officer for Europe and Asia, these three new promotions following the 2012 appointment of Eric Adler as global chief investment officer, overseeing the global investment and risk management process of the real estate investment management and advisory branch of Prudential Financial, Inc.
"These changes maintain a high level of leadership in Europe and expand our ability to find the right opportunities for our clients and manage risk in an ever-changing global economy," said Allen Smith, CEO of PREI. "Raimondo and Andrew are both exceptional leaders, bringing deep knowledge of the real estate markets in Europe, spanning the full spectrum of debt and equity real estate investing."
Raimondo Amabile has been working for PREI since January 2012 when he joined them to manage the offices and investments in continental Europe. Radkiewicz has been working with the firm since January 2009, co-heading the European Real Estate and Finance group, an area of PREI's business that he will continue to focus on. With this promotion, they both become part of PREI's Global Management Committee, also leading the European Executive Committee.
"Raimondo and Andrew have distinct, but complementary styles," commented Eric Adler, adding the former has already begun to add talent to Pramerica's German team by bringing on Sebastiano Ferrante as new head of the German business. "Meanwhile, Andrew's leadership and vision have helped build an outstanding debt platform and his promotion into this lead role is directly attributable to the increased importance of the debt business to our clients."
Philip Barrett will take on the position of chief risk and investment officer for Europe and Asia, effective March 2013. He has been part of PREI's team for about 14 years and, prior to his promotion, has been a managing director in its European Real Estate investment platform.
Headquartered in Madison, NJ, PREI offers access to an investment portfolio that includes private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. The firm has offices in Atlanta, Chicago, Miami, New York, San Francisco, Lisbon, London, Luxembourg, Munich, Paris, Abu Dhabi, Istanbul, Mexico City, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore, and Tokyo. Its gross assets currently under management were valued at USD $51.2 ($34.6 billion net), at the end of 2012.