AMB Capital Partners president John Roberts is set to retire next March, the firm said in a statement today.
Roberts was responsible for AMB’s private funds business, having spent 12 years with the listed real estate developer and investment firm. Prior to joining AMB Property Corporation, Roberts was director of real estate investment at Ameritech Pension Trust.
His role will be taken over by AMB Europe and Asia president Guy Jaquier, in addition to his current job. Alison Hill, managing director of AMB’s global fund management; Jim Green, global client services managing director; Michael Evans, managing director of Asia; and Mo Barzegar, managing director of Europe; will all report to Jaquier.
AMB chairman and chief executive officer Hamid Moghadam said Roberts had helped a “global portfolio of eight funds on three continents”. He added: “Over the years, his dedication, commitment and leadership have been instrumental in developing key institutional relationships and innovative products. We wish him all the best for the future.”
Roberts said he wanted to spend more time with his family.
Jaquier was chief investment officer for AMB for six years until 2006, and prior to joining AMB in 2000 was the senior investment officer for real estate at the California Public Employees' Retirement System (CalPERS).