Citi Property Investors (CPI), the real estate investment management arm of Citi Alternative Investments, has hired international real estate investor Shanti Sen as a managing director and head of merchant banking at the firm.
Sen joins the firm from GIC, the government of Singapore’s investment division, where she was senior vice president and head of the corporate investment group. She will be based in New York.
In her new role at CPI, Sen will work with the firm’s regional investment centers to identify and execute large-scale global investment opportunities.
CPI is looking to tap Sen’s experience and global relationships to expand its reach abroad: “By focusing on real estate operating company and portfolio transactions, the merchant banking group under Shanti’s leadership will complement our existing investment resources in Asia, Europe and North America, and will enhance CPI’s ability to offer our clients large-scale, well-structured real estate investment opportunities,” Joseph Azrack, CPI’s president and chief executive officer, said in a statement of the new hire.
Citi Property Investors has offices in New York, Los Angeles, London, Hong Kong, Shanghai and a presence in Mumbai. It currently has more than $12 billion (€8.5 billion) in assets under management.