|[January 23, 2013]
PREI® names new heads of Europe business, chief risk officer
MADISON, N.J. --(Business Wire)--
Prudential Real Estate Investors has named Raimondo Amabile and Andrew
Radkiewicz as co-heads of its European business and appointed Philip
Barrett chief risk officer for Europe and Asia, the business announced
today. PREI® is the real estate investment management and advisory
business of Prudential Financial, Inc. (NYSE: PRU).
The promotions follow the 2012 announcement that Eric Adler, who
recently became the firm's global chief investment officer, would
oversee PREI's global investment and risk management processes.
"These changes maintain a high level of leadership in Europe and expand
our ability to find the right opportunities for our clients and manage
risk in an ever-changing global economy," said Allen Smith, CEO of PREI.
"Raimondo and Andrew are both exceptional leaders, bringing deep
knowledge of the real estate markets in Europe, spanning the full
spectrum of debt and equity real estate investing."
Amabile joined PREI in January 2012 and has been responsible for
managing the offices and investments in continental Europe. Radkiewicz,
a managing director with PREI since January 2009, he been co-head of the
European Real Estate Finance Group, an area of the business which will
continue to be his primary focus. In their new roles, both are members
of PREI's Global Management Committee and will lead the European
"Raimondo ad Andrew have distinct, but complementary styles," commented
Eric Adler, adding the former has already begun to add talent to
Pramerica's German team by bringing on Sebastiano Ferrante as new head
of the German business. "Meanwhile, Andrew's leadership and vision have
helped build an outstanding debt platform and his promotion into this
lead role is directly attributable to the increased importance of the
debt business to our clients."
In addition Philip Barrett will step into the role of chief risk and
investment officer for Europe and Asia in March after the anticipated
departure of incumbent Broderick Storie. Barrett, who joined PREI in
1999, has been a managing director in the firm's European real estate
investment platform. A search is underway for his replacement.
PREI is a leader in the global real estate investment management
business, offering a broad range of investment vehicles that invest in
private and public market opportunities in the United States, Europe,
the Middle East, Asia, Australia and Latin America. Headquartered in
Madison, N.J., the company also has offices in Atlanta, Chicago, Miami,
New York, San Francisco, Lisbon, London, Luxembourg, Munich, Paris, Abu
Dhabi, Istanbul, Mexico City, Sao Paulo, Beijing, Hong Kong, Seoul,
Singapore, and Tokyo. In addition, the company has representatives in
Milan and is establishing a presence in Sydney, pending regulatory
approval. PREI has gross assets under management of USD $51.2 ($34.6
billion net), as of September 30, 2012. For more information, visit http://www.prei.com.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with
approximately $1.005 trillion of assets under management as of September
30, 2012, has operations in the United States, Asia, Europe, and Latin
America. Prudential's diverse and talented employees are committed to
helping individual and institutional customers grow and protect their
wealth through a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds and
investment management. In the U.S., Prudential's iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit http://www.news.prudential.com/
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