PGIM Real Estate has appointed Raimondo Amabile as Global Chief Investment Officer (CIO), expanding on his existing role as Head of Europe and Latin America, effective immediately. PGIM Real Estate is the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
In addition to his leadership of Europe and Latin America, as global CIO, Amabile will be responsible for overseeing PGIM Real Estate’s macro investment strategy globally, focusing on broad thematic trends that will connect directly to the regional investment strategies. A key area of focus will be connecting PGIM Real Estate’s data, proprietary market insights and research, with new technological innovations — such as artificial intelligence and predictive technologies — to help drive allocation and investment decisions.
Eric Adler, CEO of PGIM Real Estate comments. “Delivering superior investment performance and service to our clients hinges on our ability to effectively develop and promote our deep bench of talent. With a more than 20-year track record of structuring and executing transactions across developed and developing markets globally, Raimondo is uniquely suited for this opportunity. I am confident that this appointment will set us on the right path to make the power of PGIM Real Estate’s investment expertise across equity and debt, and our use of data and technology, a true competitive advantage.”
As head of Europe, Amabile has reshaped PGIM Real Estate’s European business – overseeing US$28 billion in transactions, and building out the equity and private debt product architecture across the risk-return spectrum. Amabile has also led the firm’s Latin America business, growing its key competitive advantage as a leading industrial investment manager in Mexico, alongside strategic expansion opportunities in the region.
Amabile adds “PGIM Real Estate’s ability to harness our deep investment expertise, research, proprietary data and technology will become an increasingly powerful driver for creating better outcomes for our clients in the years to come. Innovation has been a hallmark of our firm since our inception, I look forward to building on this and continuing to strengthen our global platform.”
Adler previously served as Global CIO in addition to his role as CEO since 2013, and will continue to maintain involvement in setting investment strategy and executing on business priorities.