AXA Real Estate strengthens alternatives business
AXA Real Estate Investment Managers has made three key appointments to strengthen its management team, particularly in the alternatives business unit.
Riccardo Dallolio, who joined AXA Real Estate in 2011 as head of European transactions, will become sector head of alternatives and will be responsible for overseeing AXA Real Estate’s alternatives business line. This new business unit was launched by AXA Real Estate in October 2012 in response to increasing demand from investors for exposure to alternative assets such as healthcare and student accommodation and is now being expanded to include hotels, data-centres, residential, forest and other specific situations. Dallolio has over 15 years’ experience in the real estate industry.
Laurent Jacquemin, who is currently global head of corporate finance and has over 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, global chief investment officer, says: “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 focussed on actively managing our assets and fully utilising our in house expertise.”
Anne Kavanagh, global head of asset management and transactions, says: “Laurent is already a key member of our team, therefore his experience, proven track record and in depth understanding of the business and the real estate sector will enable us to continue to focus on our key business priorities of delivering our performance through high-quality real estate investments across Europe.”