John Klopp and Olivier de Poulpiquet were named co-CEOs and co-chief investment officers of Morgan Stanley’s real estate investing business.
Messrs. Klopp and de Poulpiquet will report to Jay Mantz, who was named vice chairman of the unit, said Alyson Barnes, a company spokeswoman. Mr. Mantz was previously president and CIO of the group. Owen Thomas, who was chairman and CEO of the real estate investing group, will remain chairman and will continue in his primary role of CEO of Morgan Stanley Asia, Ms. Barnes said.
Mr. Klopp was Morgan Stanley’s head of investing in Americas real estate and global property debt; he came to the firm in February from Capital Trust. Mr. de Poulpiquet, who began his career at Morgan Stanley in 1994, rejoined the firm as head of European business in April after leaving for Pirelli & C. Real Estate in 2003.
Morgan Stanley also established an executive committee to oversee the real estate investing business. Greg Fleming, who joined the firm in February as head of asset management, will chair the panel.