Kiran Patel, Axa Real Estate’s global head of business development, distribution, research and strategy, and a member of the management board, is leaving the firm.
Patel, who has been with AXA for 11 years, will leave on 31 December to “pursue new opportunities”.
AXA said in intervening period, Patel, together with the firm’s board, will “ensure a smooth transition as the company works through an amended structure that allows it to continue to build on its future success”.
The statement said that during his time at the firm Patel was responsible for “strengthening a number of key fundamentals in the business”.
These included “the creation and influencing of real estate investment strategies, the excellence of our research, the development and capital raising of real estate vehicles, and the expansion of the company into new business lines and geographical territories.
AXA added that Patel “is a recognised figure in the industry for his views and strategic thinking on global real estate trends. He has been a key contributor in growing AXA Real Estate’s asset base and clientele”.
Pierre Vaquier said: “I would like to thank him for his contribution and the success he has brought to AXA Real Estate. I have particularly appreciated his professionalism, business acumen and team spirit – in all circumstances – and wish him the best of success in his new endeavours’.
Patel said: “I have thoroughly enjoyed my time at AXA Real Estate. It’s been quite a journey. The best part is that I have been able to work with many talented people coming from all different nationalities and cultures, but who share a common value of professionalism, innovation and strong execution.
“My thanks to Pierre – our 11 years together have allowed me to be part of a great success story where we have seen AXA Real Estate become one of the largest real estate fund managers in Europe. But now, I have come to a particular stage in my career which requires a change in direction. It is time for me to reflect and seek out alternative challenges and opportunities.”
bridget.oconnell@estatesgazette.com
