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  • Francois Pochard, 58, is the new chief executive of Ixis AEW Europe, the pan-European real estate investment manager of Ixis asset management group in Paris. This was an internal move. Pochard was previously senior managing director in charge of French activities.
  • "Islamic finance has only popped up onto people’s radar screens in the West in the last five years or so," says Jeremy Beswick, head of asset management at European Islamic Investment Bank (EIIB). Despite its youth, though, Islamic financing is spreading around the globe and in recent months there has been a rapid increase in the range of real-estate-related products that banks have to offer.
  • JPMorgan is beefing up its European real estate structured finance business with several new hires.
  • Andrew Vaughan joined the board and became chief operating officer (COO) of Redevco Europe on June 1. He leaves his old role of managing director of Redevco UK and Nordics and succeeds Jan Dalmeijer, who will retire on September 1 but will retain a part-time role. Vaughan will be in charge of the strategic direction of a number of national organizations under the Redevco Europe title.
  • Reits and other areas of Greek property finance are likely to grow strongly if restrictive regulations are liberalized. Dimitris Kontogiannis reports.
  • Real estate convertibles are the hot ticket
  • One old board member promised to tell me “all the sordid details.”
  • Morgan Stanley’s former head of securitization, Craig Phillips, re-emerged in March as the chairman, CEO and founder of a new alternative asset management firm called Ptarmigan Capital.
  • Heraclis Economides, managing director, corporate finance, Bridgewell Group.
  • Wenning Jung, a former official at California Public Employee’s Retirement System (Calpers), is to join Franklin Templeton real estate advisers in California to lead the team’s Asia business on behalf of its four managing directors. At Calpers Jung served as an investment officer in its real estate department. Her newly created role at Franklin, designed to help boost the firm’s investments into Asian real estate, will require Jung to identify third-party real estate managers in Asia, conduct due diligence, run her teams as well as identify new opportunities arising in the region.
  • An opening of the market to more market makers should boost derivatives use.
  • Michiel Rang, senior managing director, ING Real Estate Finance.