People - APRIL 21, 2016

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UBS Asset Management makes appointments in real estate group

by Andrea Waitrovich

UBS Asset Management, Global Real Estate – U.S. has announced the retirement of Ron Urdanick and several additional employment changes.

Ron Urdanick is retiring from UBS Asset Management after serving as head of acquisitions for the UBS Asset Management U.S. real estate business since 2000. Urdanick has been with the firm and its predecessor organizations since 1978.Since becoming the head of acquisitions, Urdanick’s group has originated more than $20 billion in investments for over a dozen different funds and accounts managed by UBS Realty Investors LLC. He began his real estate career at Union Dime Savings Bank in New York City as a real estate lending officer. Before assuming his current position, he oversaw the acquisition of equity investments in the eastern third of the United States and was directly responsible for more than $4 billion in mortgage and equity investments.

Urdanick is succeeded by Jack Connelly, who has been promoted to head o

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