JP Morgan Asset Management has hired a former executive from the Abu Dhabi Investment Authority to head up strategy for its European property division.
Paul Kennedy will join the firm as London-based head of strategy and portfolio manager for real estate in Europe early next year. He will report to Peter Reilly, head of real estate Europe.
Kennedy spent the past 11 years at ADIA, where he was head of private markets strategy for the sovereign fund.
Before that he was co-head of global research at Invesco Real Estate, and earlier in his career worked at Henderson Global Investors.
Reilly said: “Real estate investment success, particularly in Europe, requires an intimate understanding of micro-economies and fundamentals – across countries, languages and political spheres – as well as global macroeconomics.
“Paul’s depth of knowledge, experience working across two continents and strategic insight will continue to give us an edge when it comes to identifying market trends and compelling risk-adjusted opportunities.”
To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette
