Thomas Etzel joined real estate investment firm Real Estate Capital Partners as managing director and head of strategy and business development, confirmed Carolyn Ortiz, RECAP vice president of marketing, in an e-mail.
It is a new position. Mr. Etzel leads the firm's expansion into European real estate investments. He was managing director and head of alternatives at BHF/BANK, a German private bank.
RECAP also promoted Paul Doocy to chief investment officer from executive vice president and Andre Kinney to chief operating officer. Mr. Kinney will retain his previous role as head of asset management. Both the CIO and COO positions are new.
Mr. Etzel will chair RECAP's newly formed management committee, which will determine the firm's strategy and oversee day-to-day operations.
Karin Shewer, RECAP founding partner, will be chairman of the RECAP board and will continue to focus on investor marketing, business development and strategic initiatives.
Under the new structure, the executive vice president role previously held by Mr. Doocy no longer exists, Ms. Ortiz wrote.
