Management Board

Catherine Martougin is a partner in the Funds & Asset Management team of the Baker & McKenzie Luxembourg office. She has more than 17 years' experience in business law. Prior to joining the Firm, she practiced in elite international law firms in Paris and a leading Luxembourg law firm.

Catherine represents real estate funds, private equity funds, debt ad infrastructure funds and other financial institutions in the asset management field. She works on a range of corporate and commercial transactions, including organizational structuring and related regulatory matters (notably private equity real estate funds and their AIFMs), as well as initial fund formation, complex restructurings, mergers and acquisitions, asset dispositions, secondary trades, capital raisings, real estate investments, venture capital investments, and joint venture arrangements.

Catherine is a regular speaker at international seminars and conferences. She is an officer of the Real Estate Section of the International Bar Association (IBA). Catherine is also Co-Head of the Real Estate Marketing working group of the Association of the Luxembourg Fund Industry (ALFI) and a member of the Executive Board of the Real Estate Association of Luxembourg (LuxReal). Since 2016 she has been Chair of the INREV Public Affairs Committee.

Catherine is a member of the Luxembourg and Paris bars and holds a LLM in International Law, from the University of Panthéon-Assas (1999), a LLM in International Commercial Law from the University of Nanterre (1999), and a Bachelor in Economy and Finance from the Paris Institute of Political Studies (1998).

Catriona Allen (British) is a Senior Fund Manager in the Global Indirect Real Estate (GIRE) team at Aviva Investors. The GIRE business manages over €6 billion in indirect real estate globally and invests across the risk spectrum via primaries, secondaries, co-investments and REITs. Catriona joined Aviva Investors in 2009 and is currently the fund manager for a number of European clients, as well as having responsibility for sourcing and underwriting new investment opportunities in Europe and managing these post execution. Catriona sits on GIRE’s European Investment Committee and also represents clients on investor advisory committees. 

Catriona has worked in the real estate industry for over 20 years and has a wide range of experience in performance measurement, research, underwriting investments and managing pooled fund of funds products through her previous roles at Investment Property Databank (now MSCI), Alecta and latterly BlackRock.

Catriona holds a BA (Hons) in Geography from the University of London and an MA in European Property Development and Planning from the University of Newcastle upon Tyne. 

Catriona was Co-Chair of the INREV Performance Measurement and Benchmarking Committee in 2011 and is currently a member of the Investment Property Forum and the INREV Investor Advisory Council. 

Ilkka Tomperi (Finnish) joined Varma Mutual Pension Insurance Company in 2013 and is responsible for the fund's real estate investments totalling over €4 billion. 

Prior to joining Varma, Dr. Ilkka Tomperi was a Partner at the Nordic private equity firm CapMan’s real estate team since 2011. He expanded the real estate operations from Finland to Sweden and was involved in launching a Nordic real estate fund. 

Prior to CapMan, Ilkka was a Vice President at Franklin Templeton Real Estate Advisors and focused on the sourcing and due diligence of private real estate fund investment opportunities in the European markets being based in Frankfurt. Previously he was the Head of Other Investments and Portfolio Manager of the State Pension Fund (VER) of Finland. In this role, he was responsible for overseeing the state plan's ca. €600 million portfolio of indirect real estate, private equity and other alternative investments. 

He has been an advisory board member to a large number of private equity and private real estate funds. Ilkka received his Ph.D. in Finance, and a Master of Science in Economics from the University of Vaasa in Finland.

Isabelle (French) is CEO and member of the Management Board of AXA Investment Managers - Real Assets.

She has 26 years’ industry experience. She heads the Funds group, a team of 75 professionals managing close to €25 billion of assets within the following business lines: Core Funds, Value-Add & development Funds, CRE Finance, Infrastructure and Alternatives. Isabelle is also heading the European Sales team.

Isabelle was previously CEO of AXA REIM SGP, the French regulated entity of AXA IM - Real Assets and, as such was responsible for the Funds Group which includes a wide range of real estate funds (Core, Value-Add, Development). Isabelle joined AXA IM – Real Assets in 2001 to head the real estate fund structuring and financing department. Isabelle started her career in 1989 at Paribas. Isabelle graduated from IEP Paris (Political Science) in 1989.

James Raynor CEO, Grosvenor Europe James Raynor (British) is CEO of Grosvenor Europe. He joined Grosvenor in 2004 from The Royal Bank of Scotland in Paris, where he was Senior Director of European Real Estate. He was also on the Non-Executive Board of Nordisk Renting. He was promoted to his present role, Chief Executive of Grosvenor Europe, in June 2013. Grosvenor Europe invests, develops, operates and manages real estate assets and funds in Continental Europe and is part of the Grosvenor Group.  James previously held roles within the company of Chief Executive Officer, Grosvenor Fund Management, Chief Investment Officer, Grosvenor Fund Management and ran the Capital Markets & Continental European businesses.  James sat on the ULI French Council, was previously the Chair of the INREV Training & Education Committee and is the current Chair of the INREV Fund Manager Advisory Council. 

Martin Lemke (German) is managing director of AM alpha Kapitalverwaltungsgesellschaft mbH and responsible for asset management, portfolio management and the platform in Asia.

With over 20 years of experience in real estate, he has in-depth expertise in strategic and operational portfolio enhancement, fund and asset management as well as acquisition of commercial real estate.

Before joining AM alpha in 2013 he held managing director positions for over 14 years within the PATRIZIA Immobilien AG where he headed PATRIZIA‘s commercial real estate activities as managing director of PATRIZIA GewerbeInvest KAG with responsibility for more than €4.5 billion assets under management worldwide. Martin managed international segregated accounts for leading European pensions.

Prior to joining PATRIZIA, he held executive positions in well-known wealth management consultancies in Suisse.

Martin has a professorship at Deutsche-Immobilien-Akademie at University Freiburg and lectures as a ‘Certified real estate asset manager’.

Michael Clarke (British) is Head of Investor Services EMEA and member of the European Executive Committee and Global Leadership Team at CBRE Global Investors‎. Before joining CBRE Global Investors in 2014 he spent four years as co-portfolio manager at Mesirow Financial running a global opportunistic multi manager programme and 18 years at Schroders. During his 30 years in the real estate industry he has gained significant investment experience as both a GP and LP.

Michael is a past Chairman of the INREV Secondary Market and Liquidity Committee, member of the INREV Guidelines Steering Group 2014 and a regular speaker at INREV training events.

Michael Hornsby (British) is EY's EMEIA Real Estate Funds Leader specialised in international real estate and private equity structures. He has 26 years of experience in audit and advising a wide range of real estate, private equity and other alternative fund managers, investors and service providers. Michael is an expert in the design of the financial, operating and regulatory frameworks of specialised alternative funds. This includes advice on financial and investor reporting, valuation methodologies and risk management processes. 

An engineer by training, Michael joined Arthur Andersen in 1992 and qualified with ICAEW as a chartered accountant. On transferring to Luxembourg, he qualified as a “réviseur d’entreprises” in Luxembourg, a registered accountant (expert comptable) and a member of the Royal Institution of Chartered Surveyors (RICS).

Thomas Brown (American) is a Partner at LGT Capital Partners (USA) Inc and has 25 years of real estate experience spanning investments, management, advisory and capital-raising in both public and private markets. Tommy currently serves on the Real Estate Investment and Management Committee. 

In 2012, LGT acquired Clerestory Capital Partners, a global real estate fund of funds business located in New York that Tommy co-founded in 2007. Prior to forming Clerestory, he was the Global Head of Real Estate for Deutsche Bank Private Wealth Management based in London. For the 12 years prior to that, he was a real estate investment banker with J.P. Morgan in London, New York and Frankfurt.

He began his career with Oak Tree Capital, Inc. in New Orleans, formerly a real estate asset management firm and a subsidiary of Oak Tree Capital Savings and Loan.