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Generali RE names new CEO

Christian Delaire stepped down from the role in March 2016.

Generali Real Estate, the real estate investment arm of Italian insurance giant Generali, has tapped Aldo Mazzocco as its new general manager and chief executive, according to a statement Thursday.

Christian Delaire resigned in March 2016 after two years in the role, and group investments chief operating officer Francesco Benvenuti stepped in as interim general manager, PERE previously reported.

Mazzocco will join Generali by mid-June, according to the firm. He is currently the head of real estate at Cassa Depositi e Prestiti, a Rome-based investment bank. From 2001 to 2015, he was the CEO of public real estate investor Beni Stabili SpA SIIQ, and he previously held executive positions at real estate investment manager Beni Stabili Gestioni SGR and Paris-based real estate investor Fonciere des Régions.

“I am very excited to welcome on board Aldo Mazzocco at Generali Real Estate,” Tim Ryan, Generali’s chief investment officer, said in a statement. “His widely recognized leadership and expertise in real estate will be instrumental to pursue the strong ambitions we have for Generali Real Estate, to further consolidate and expand its leading role in this industry.”

Generali’s most recent publicly-disclosed transaction was the purchase earlier this month of a Madrid retail property, home to fast fashion retailer Pull & Bear, for $105.5 million, according to data provider Real Capital Analytics.

Generali Real Estate, whose parent company is based in Trieste, Italy, managed over €25 billion in assets as of December 31.