PGIM Real Estate continues to strengthen its European platform with several senior appointments across Europe to position the firm for further growth ahead. Over the last several years, the firm has successfully evolved its European platform across all facets of the business, and in 2020 it completed 53 transactions in Europe, across both equity and debt strategies, with a combined value of US$3.3 billion. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Sebastiano Ferrante, currently head of Germany and Italy, will become deputy head of Europe. In this newly created role, Ferrante will be responsible for European Portfolio Management across PGIM Real Estate’s private debt and pan-European equity strategies. Alongside Raimondo Amabile, head of Europe and Latin America, Ferrante will focus on the key areas of the business, including ESG, Talent, Diversity & Inclusion, and Technology & Innovation. Ferrante will report into the head of Europe and Latin America.
Jocelyn de Verdelon, currently head of France, Spain and Portugal, will become head of transactions, Europe. This new role will further integrate the firm’s pan-European investment strategy, as the business grows and continues to navigate the opportunities and challenges ahead. This role reports into the deputy head of Europe.
Alongside these changes, the following new country head appointments have been made, reporting to Amabile:
- Dominik Brambring – head of Germany, Austria and Netherlands. Brambring is currently head of transactions for Germany and the Netherlands.
- Nabil Mabed – head of France, Spain and Portugal. Mabed is currently head of Transactions for France and Spain.
- Paul Stanford – head of UK and Ireland. Stanford is currently head of Asset Management UK.
Additionally, David Gingell, currently executive director on the debt business, will become head of Senior Debt Europe, reporting into Andrew Macland, head of Debt Europe. This will be effective mid-2021.
All appointments are effective 1 March 2021.