Generali Real Estate, the real estate investment arm of Italian insurance giant Generali, has altered its organizational structure with the creation of an EMEA head.
Previously, Generali in Europe was structured with individual country heads, but now Olivier Terrenoire, former head of Generali Real Estate's Belgian and Dutch branches, will take charge of the firm's operations in Austria, Spain, Belgium, Netherlands and Switzerland. Terrenoire will report directly to Generali Real Estate's chief executive, Christian Delaire.
“We decided to reshape our structure in order to better support the implementation of our real estate business in what has always been a very important region for us,” said Delaire.
In parallel to this structural change, Generali has appointed Joris De Roo as head of investments, sales and asset management for the Netherlands and Belgium.
De Roo joins from Commerz Real where he was investment manager, Benelux.