PGIM Real Estate appoints new co-CEOs
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 of Latin America, has been appointed head of Latin America; and Christina Hill will expand her existing Americas-focused asset management and global ESG responsibilities in a newly created role as global head of asset management and sustainability.
Bryan McDonnell will continue in his role as head of U.S. Debt & Agriculture and chair of Global Debt, and Benett Theseira will continue in his role as head of Asia Pacific.
The changes follow the formation of PGIM Private Alternatives under the leadership of Eric Adler, current PGIM Real Estate president and CEO.