Jay DeWaltoff was named head of U.S. real estate debt at DWS Group.
The role is new, a spokesperson said.
Based in New York, DeWaltoff reports directly to Todd Henderson, co-global head of real estate and head of real estate for the Americas.
DeWaltoff will be tasked with accelerating the growth of the firm’s existing U.S. real estate credit business and expanding its global private credit platform, a news release said.
DWS has $116 billion in alternative assets.
DWS had a total of €933 billion ($1.02 trillion) in assets under management as of June 30.
DeWaltoff was head of the commercial mortgage loan group within J.P. Morgan Asset Management's alternatives platform. JPMAM declined to comment on DeWaltoff’s successor.
