INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its Management Board that will help it tackle the challenges facing today's industry.
The new appointments are:
- Christian Delaire, Chief Executive Officer, AEW Europe
- Matthew Ryall, Head of Indirect Investment, Allianz Real Estate
- Neil Harris, Senior Vice President, Head of Asset Management, Europe, GIC Real Estate International
The appointments reflect the current state of the non-listed real estate market, which is facing increasing regulatory pressure and a greater need for global standardization: Matthew Ryall from Allianz, one of Europe's largest life insurance groups, brings first-hand experience of how regulation, especially Solvency II, will impact the industry; Neil Harris from GIC, one of the world's leading sovereign wealth funds with a head office in Singapore, demonstrates INREV's further commitment to promoting global standardization; Christian Delaire, from AEW Europe, one of the leading European real estate asset and investment managers, increases French representation on the board, a key and growing market for the industry.
INREV's top three priorities for the year reflect today's industry and the new appointments will support the Association in its pursuit of them:
1. Implement a public affairs mandate
2. Take a proactive role in promoting global standardization
3. Increase the coverage and quality of the INREV Vehicles Database and the INREV Index
The last two remaining members of the original board, Chris Morrish, Managing Director & Regional Head, Europe of GIC Real Estate, and Leif Andersson, CEO at AREIM, Sweden, have stepped down after serving their maximum term on the board.
Tobias Pfeffer, Manager Indirect Investments, Generali Deutschland Immobilien GmbH, Germany has also stepped down after moving roles to become a fund manager. This was necessary in order to maintain the appropriate investor/fund manager split on the board.
Matthias Thomas, Chief Executive, INREV, commented: "This year's appointments signal an exciting era for INREV as we set ambitious objectives which will see us continue to support our members needs in today's market - we are very lucky to have such talent joining us. We are also saying a fond farewell to the last remaining members of the original board and thank them for all their hard work for INREV and its members."
Christian Delaire is Chief Executive Officer of AEW Europe. In this capacity, he oversees over 16.7 billion in real estate and has responsibility for AEW Europe's strategic direction and for managing the firm's resources. He is also a member of AEW Europe's Investment Committee. A French national, Christian joined AEW Europe from AXA Real Estate Investment Managers, where he served as Global Chief Investment Officer. He spent 15 years with AXA in various positions including Head of Transactions France, Head of Asset Management France and Global Head of Corporate Finance. Christian began his career with KPMG and holds a graduate degree from ESSEC Business School in Paris.
Matthew Ryall is Head of Indirect Investment at Allianz Real Estate, where he oversees the indirect investment program. Matthew has a mandate to grow the indirect real estate portfolio at Allianz Real Estate from 1 billion to 5 billion over the next four years. Before joining Allianz, Matthew was a fund manager of a European real estate Fund of Funds at BlackRock and before that at Merrill Lynch. Matthew has also worked at LaSalle Investment Management, where he was a director of European Strategy and Research and at the Royal Institution of Chartered Surveyors, where he was the Chief Economist.
Neil is a Chartered Surveyor, with over 30 years of broad based real estate experience, including fund management, transactions and consultancy projects for investors, developers and corporates. He has worked across Continental Europe since 1998, including thr