Lisette van Doorn, the chief executive officer of Europe’s real estate association INREV, is to leave the organisation at the start of December to rejoin ING.
Lisette van Doorn will return to ING Real Estate Investment Management in Italy as country and fund manager for its €1.3 billiion Retail Property Partnership Southern Europe fund, targeting retail opportunities in will Italy, Portugal and Spain.
She joined the European association for investors in non-listed real estate funds in July 2005 from ING and oversaw the group’s expansion from 150 members to 319 members.
In her previous role at the Dutch bank, she was managing director of research and strategy.
In a memo sent to members, INREV said van Doorn had been “instrumental in establishing INREV’s [reporting] guidelines, has developed the INREV Index, which increased from 87 vehicles to 224, implemented a full training and education programme and built up the association into a full working team of 15 people.
“Our board and staff will be sad to see Lisette move on, but we wish her well with her new appointment,” it added.
The association is now searching for a new chief executive officer. A statement today said van Doorn said she felt it time to hand over to someone else.
ING said van Doorn succeeded Maria de Rivera, who will leave the firm on 25 November to help manage her family business.
ING also promoted managing director Riccardo Serrini as fund manager of ING's Italian Retail Fund, which is targeting €1 billion for investments in Italian shopping centres. Riccardo joined ING in 2008 from Morgan Stanley, where he was head of real estate principal transaction group.