RAIMONDO Amabile has been appointed to the position of global chief investment officer at PGIM Real Estate.
The appointment will see Amabile expand his current role as head of Europe and Latin America, of the real estate investment management business of PGIM.
“With a more than 20-year track record of structuring and executing transactions across developed and developing markets globally, Raimondo is uniquely suited for this opportunity,” said Eric Adler, CEO of PGIM Real Estate.
Adler previously held the position of Global CIO since 2013, while also serving as the business’s CEO.
“I am confident that this appointment will set us on the right path to make the power of PGIM Real Estate’s investment expertise across equity and debt, and our use of data and technology, a true competitive advantage.”
In his new expanded role, Amabile will oversee the group’s global macro investment strategy, with a further focus on bringing new technology to the group’s data, proprietary market insights and research.
In his position as head of Europe, Amabile oversaw US$28 billion in transactions, while in his role as head of Latin America he grew the group’s competitive advantage in Mexico and furthered its strategic expansion across the larger region.
“PGIM Real Estate’s ability to harness our deep investment expertise, research, proprietary data and technology will become an increasingly powerful driver for creating better outcomes for our clients in the years to come. Innovation has been a hallmark of our firm since our inception, I look forward to building on this and continuing to strengthen our global platform,” said Amabile.
PGIM is Prudential Financial’s US1.5 trillion global investment management business, while PGIM Real Estate holds US$195 billion in gross assets under management.
