PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-CEOs.
Marcus and Amabile will jointly run the business in an expansion of their existing global and regional roles and having worked together for more than a decade.
Marcus will retain her responsibilities as global COO, and Amabile will retain his responsibilities as global CIO.
In addition, the following appointments are being made: Soultana Reigle, currently senior portfolio manager for U.S. equity value-add strategies, has been promoted to head of U.S. Equity, replacing Marcus in that role; Sebastiano Ferrante, currently deputy head of Europe, has been appointed head of Europe; Enrique Lavin, currently deputy head