PGIM Real Estate appoints a global CIO
PGIM Real Estate has appointed Raimondo Amabile as Chief Investment Officer (CIO), expanding his current role as Head of Europe and Latin America, with immediate effect. He will be responsible for overseeing the company’s global macro investment strategy, focusing on major thematic trends that will be directly linked to regional investment strategies.
A key area will be to connect PGIM Real Estate’s data, proprietary market insights and research with new technological innovations – such as artificial intelligence and predictive technologies – to help make allocation decisions and ‘investment.
At the helm of Europe, Amabile reshaped the company’s European operations – overseeing $ 28 billion in transactions and developing the architecture of private equity and debt products across the risk-return spectrum. He also led the business in Latin America, developing his key competitive advantage as a leading industrial investment manager in Mexico, alongside opportunities for strategic expansion in the region.
Chief Executive Officer Eric Adler has served as Global CIO in addition to his CEO role since 2013 and will continue to be involved in defining investment strategy and executing business priorities.
PGIM Real Estate is the real estate investment business of PGIM, Prudential Financial’s US $ 1.5 trillion global investment management firms.