Joy Winterfield was named managing director of global portfolio management and Albert Yang was named managing director and head of business development, Europe, at Cornerstone Real Estate Advisers, a spokeswoman said in an e-mail.
Both positions are new.
Ms. Winterfield, who will start Sept. 14 in Chicago, also will be a member of Cornerstone’s global executive committee and will report to Scott Brown, the firm’s global president and CEO.
Previously, Ms. Winterfield was director of global private equity real estate at Allstate Investments. An Allstate spokeswoman could not provide information on a replacement.
Mr. Yang, who will start Sept. 1 in London, will report to J.D. Sitton, managing director who will take over as global head of business development the same day.
Previously, Mr. Yang was executive director of global real assets at J.P. Morgan Asset Management. A JPMAM spokeswoman declined to comment on a replacement.