Patrizia has appointed AXA IM Alts’ Amal Del Monaco as European head of asset management and chair of its country heads.
Del Monaco has spent 24 years at AXA IM Alts in a number of roles, most recently as global head of living.
She will support Patrizia’s growth in living and logistics in Europe, as well as overseeing local teams, and will be based in its Paris office.
Del Monaco will work alongside Patrizia’s chief investment officer Phillip Schaper and will report to global chief investment officer Anne Kavanagh.
Kavanagh said: “She will be responsible for developing future-proof, long-term strategies for all our assets. This is crucial to meet the increasing expectations of our clients in making a positive environmental and social impact, whilst delivering stable financial returns.”
Del Monaco said the sector was at a time “when, more than ever, we rely on active asset management to embrace innovation, tackle financial, environmental and social constraints or opportunities to deliver sustainable value for tenants and clients”.
She joins Patrizia as it seeks to broaden the business, following an increase in investments and fundraising.
The German-headquartered fund manager has more than €47.2bn (£40.8bn) AUM in Europe. In the first three months of the year it signed €1bn in acquisitions for its clients, an increase of 16% year-on-year. During this period it also raised €300m of equity for European and global strategies.
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