Changes at the top at TH RE Europe and UK

By Paul Norman - Monday, March 12, 2018 11:54

TH Real Estate has promoted Michael Neal to CIO of its Europe and Asia Pacific business and announced a series of senior promotions as it realigns its European business model.

Previously Head of UK Investment, Neal will coordinate the delivery of the firm’s investment strategy in order to further enhance performance and value for clients. Neal has been with the business for 10 years. Prior roles include Fund Manager for the UK Retail Warehouse Fund and Fund Director for a series of UK and European balanced Funds.

Additionally, Ray Adderley has been promoted to Global Head of Performance and Investment Process. Having driven investment process and performance reporting at TH Real Estate in Europe and Asia Pacific for 19 years, TH RE said he brings extensive experience and knowledge to this global position.

TH Real Estate has also aligned its European business model to the core sectors of offices, retail, logistics and commercial real estate debt by promoting three existing employees, to newly appointed European Sector Head positions. Nick Deacon for European Offices, Myles White for European Retail, and Thorsten Kiel for European Logistics and Industrial. Christian Janssen continues in his role as Head of European Debt.

In addition, TH Real Estate has announced plans to enhance its commitment to the alternatives sector.

Mike Sales, Head of TH Real Estate, said: “Our business has experienced tremendous growth over the past few years, placing us in the top four global real estate investment managers. It is essential that we structure our business in a way that can most efficiently provide for the future needs of our clients.

“The environment within which we operate is changing rapidly, with widespread consolidation within both public and private real estate markets. In particular, the occupier market is evolving at pace. We need a more seamlessly connected global strategy that provides the right platform to accommodate the growth and solutions now embedded in our product offering. We need to operate our European Investment platform in a way that can most efficiently provide for the future needs of clients in a way that enables us to fully leverage the benefits of our scale, both commercially and operationally.

“The proven track record of all of our teams, have been fundamental to our performance thus far and will ensure our success going forward.”


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