AXA Real Estate has appointed a new head of its expanding Alternatives business alongside a number of other key moves.
The investment manager, which has more than €46bn of real estate assets under management in Europe, has appointed Riccardo Dallolio as sector head of alternatives.
Dallolio, who joined AXA Real Estate in 2011 as head of European transactions, will be responsible for overseeing AXA Real Estate’s Alternatives Business Line, which was launched in October 2012.
A year on from its launch, which was a response to increasing demand from investors for exposure to alternative assets such as healthcare and student accommodation, the business unit is now being expanded to include hotels, data-centres, residential, forest and other specific situations.
Laurent Jacquemin, who is currently global head of corporate finance and has more than 14 years’ experience in the real estate industry, will replace Dallolio as head of European transactions.
Philippe de Martel will be promoted from head of corporate finance France to replace Jacquemin as global head of corporate finance. de Martel, who has over 13 years’ experience in corporate finance and transactions advisory and structuring, will be responsible for overseeing new product development and structuring, property finance and coordination of complex transactions in Europe, Asia and the US.
Dennis Lopez, AXA Real Estate global chief investment officer, said: “To achieve our objective of significantly growing our assets under management in the alternatives sector over the next three years, it is important that we remain focused on actively managing our assets and utilising our in-house expertise.”
bridget.oconnell@estatesgazette.com
