Brookfield Asset Management has named Julian Schiller, formerly the head of Jones Lang LaSalle’s private funds advisory team, as senior vice president at the firm’s global private funds group in London.
In his new role, Schiller will focus on capital raising for Brookfield’s pooled funds, joint ventures and co-investments, attending to the firm’s European and Middle Eastern investors. He also will assist in broader business development activities for the real estate group, according to an announcement by the firm.
“Julian’s capital raising experience in the UK and wider European market will be extremely valuable as we develop our strategies for a number of important initiatives that we are planning over the next few years,” said Leo van den Thillart, managing partner at Brookfield and head of the firm’s private funds group. “Real estate in Europe has been identified as a key area of future growth for Brookfield.”
Schiller most recently oversaw the private funds advisory team for Jones Lang LaSalle in London, where he had advised clients on equity placement, joint ventures, secondary market and recapitalisation transactions since 2006.
Brookfield has been aggressively building up its presence in the UK and Europe as it targets opportunistic investments in the region. Since the beginning of the year, the asset manager has hired 94 new staff in Europe, including Martin Jepson, who was formerly head of commercial real estate firm Hammerson PLC’s London group and joined Brookfield in August as senior vice president of development and investment.
Significantly, the firm’s opportunistic head, senior managing partner Barry Blattman, relocated to Brookfield’s London office earlier this year and the firm has made no secret of its intent to pursue higher return investment strategies in the region since.
Brookfield currently has £2.2 billion ($3.51 billion, €2.56 billion) in assets under management in European real estate and infrastructure, with offices and operations in 17 cities across the region.