12 April 2018, Dublin – INREV has announced the appointment of two new members to its Management Board, following their approval at the Annual General Meeting in Dublin.
Catriona Allen, Senior Fund Manager in the Global Indirect Real Estate (GIRE) team at Aviva Investors; and James Raynor, CEO of Grosvenor Europe, were both nominated by fellow INREV members and assume their new roles with immediate effect.
From her current role at Aviva Investors, Allen brings a wealth of experience of investing in indirect real estate globally on behalf of institutional investors. She has previously been Co-Chair of the INREV Performance Measurement Committee, who drive the creation of suitable indices for peer-to-peer and market comparison; and is currently a member of the INREV Investor Advisory Council.
Raynor, who has been Chair of the INREV Training and Education Committee for the past three years, will continue his vigorous support of INREV’s ambitions to improve knowledge sharing within the industry and promote the importance of continued professional development for all market participants. He is chair of the INREV Fund Manager Advisory Council, and his broader experience as a Board member of the Grosvenor Group and previous senior directorship at the Royal Bank of Scotland will further enrich the INREV Management Board.
In additional changes, Udo Schaeffer, Vice President of EON.AG; and Eric Adler, CEO of PGIM, are both stepping down from the Management Board after many years of highly valued contribution.
Commenting on the moves, Marieke van Kamp, INREV Chairman and Head of Private Markets at NN Group, said: ‘We’re very happy to welcome both Catriona and James to the Management Board and feel that they will make a significant contribution, both from an investor and fund manager viewpoint. Their respective areas of expertise are a great asset to INREV as we continue to make the industry more attractive and accessible to investors and share knowledge.
‘We’d also like to thank Udo and Eric for the time, energy and wise counsel they have provided to INREV over their dedicated years of service on the Management Board.’
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Notes to Editors
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, was launched in May 2003 as a forum for investors and other participants in the growing non-listed real estate vehicles sector. The association represents and reflects an industry with a total value of €2.1 trillion and INREV members deliver €300 billion of stimulus to the real economy of Europe.
INREV has 416 members which include 75 of the largest institutional investors as well as 40 of the 50 largest real estate fund managers, plus banks and advisors across Europe and elsewhere.
The non-profit association is focused on increasing the transparency and accessibility of non-listed vehicles, promoting professionalism and best practice, and sharing knowledge. It is based in Amsterdam, the Netherlands.