The position is new, Matthew Chisum, a company spokesman, wrote in an email. Ms. Venter, who also is a member of the DC portfolio management team, started in early July. She reports to Sue Kolasa, managing director and portfolio manager, defined contribution real estate, Mr. Chisum wrote.
Based in New York, Ms. Venter will "focus on managing and growing" the company's defined contribution real estate strategies in the U.S., said a company news release issued Wednesday. The DC real estate strategies program is managed by J.P. Morgan global alternatives, the company's alternative investment unit.The DC real estate business has $3.3 billion in direct real estate assets under management, Mr. Chisum wrote.
"DC plans are increasingly adopting real estate strategies as they look to provide participants with the diversification advantages that defined benefit plans have enjoyed for decades, and we're continually expanding our team to address this demand," Ms. Kolasa said in the release.
Ms. Venter had been an associate partner in the real estate research team at Aon Hewitt. "We are replacing her role," wrote Maurissa Kanter, an Aon Hewitt spokeswoman. No further information was available.