INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has appointed for the first time ever a director of public affairs and professional standards and is opening an office in Brussels, it has revealed.
It has hired lawyer and writer, Jeff Rupp, it said, to establish an office in Brussels and lead the organisation’s efforts to address the numerous regulatory initiatives being developed there.. He will also oversee the professional standards issues such as corporate governance, reporting, due diligence, secondary markets and liquidity, and sustainability.
INREV said: “The appointment signals the association’s continued commitment to implementing a robust public affairs mandate.” It also said it was taking a proactive role in promoting global standardisation.
Rupp added in the statement: “There are some exciting challenges ahead, Solvency II and European Market Infrastructure Regulation (EMIR) to name just a few, and I look forward to tackling them with the team at INREV. There are also a number of important initiatives underway such as the further adoption of INREV guidelines and standards in regions outside Europe.”
Rupp, who was born in the Netherlands, has worked for several years as a writer and editor of reports on non-listed real estate. In his time he has written reports and articles for INREV.
Matthias Thomas, chief executive, said: “This year we identified public affairs and a more active role in global standardisation as key priorities. Jeff’s appointment strengthens our commitment to address both these areas and I very much look forward to working with him to support our members’ needs in today’s market.”