PGIM Real Estate will promote from within to fill new senior positions in Europe, effective March 1.
Sebastiano Ferrante will become deputy head of Europe, a new role responsible for European portfolio management in the firm's private debt and pan-European equity strategies.
Reporting to and working with Raimondo Amabile, head of Europe and Latin America, Mr. Ferrante will focus on the areas including ESG, talent, diversity and inclusion, and technology and innovation.
Jocelyn de Verdelon will become head of transactions, Europe. He will further integrate the manager's pan-European investment strategy as the business grows. He will report to Mr. Ferrante.
The changes also mean a number of promotions at country-head level. Mr. Ferrante is head of Germany and Italy. Dominik Brambring will become head of Germany, Austria and the Netherlands. He is currently head of transactions for Germany and the Netherlands.
Mr. De Verdelon is head of France, Spain and Portugal. He will be replaced by Nabil Mabed, currently head of transactions for France and Spain.
Paul Stanford becomes head of U.K. and Ireland, a new role in addition to his position as head of asset management U.K.
Country heads will report to Mr. Amabile.
PGIM Real Estate also said David Gingell, executive director on the debt business, will become head of senior debt for Europe, effective mid-2021. He will report to Andrew Macland, head of debt for Europe. Whether the role is new and whether he will be replaced in his previous position was not known.
"In recent years, PGIM Real Estate has been bolstering its investment strategies spanning the risk-return spectrum across real estate equity and debt, with disciplined focus and a strong conviction on the European markets. These appointments will strengthen our European strategy and position us well for the future," Mr. Amabile said in a news release.
PGIM Real Estate had $124.3 billion in assets under management and $42.8 billion in assets under advisement as of Dec. 31. It is the real estate business of $1.5 trillion global money manager PGIM, part of Prudential Financial.
