MONEY MANAGEMENT

Ares Management brings on co-head of real estate debt

Jamie Henderson joined Ares Management as a partner in the firm's real estate group and co-head of Ares' real estate debt business, confirmed Sarah Troutt, spokeswoman, in an email.

Mr. Henderson was also appointed president and chief investment officer of Ares Commercial Real Estate Corp., a real estate investment trust. All are new positions.

John Jardine, now co-head of Ares real estate debt business, had been sole head of real estate debt before Mr. Henderson joined the firm.

Mr. Henderson was head of structured real estate investments at Barings Real Estate Advisors. In October, Barings Real Estate Advisors — then known as Cornerstone Real Estate Advisers — completed its acquisition of ACRE Capital Holdings, the agency lending subsidiary of Ares Commercial Real Estate Corp. Barings renamed the business Barings Multifamily Capital, which was under Mr. Henderson's leadership.

Mr Henderson was replaced at Barings by Dean Dulchinos, portfolio manager for Barings Real Estate Advisers, a 13-year veteran with Barings. He assumed responsibility for the structured real estate investment team, said Brian Whelan, Barings spokesman. He reports directly to Scott Brown, global head of real estate.