Invesco Real Estate has made a hire in Germany to assist in cross-border investment and reporting activities.
Alexander Taft has been appointed head of investment structuring, having agreed to leave German law firm CMS Hasche Sigle where he was a partner.
Taft begins the role in Munich next month, said Invesco, and will be responsible for further professionalizing the business by co-ordinating fund management, transactions and fund accounting functions. He will work alongside Ute Geipel-Faber, head of client relations, and Doris Schumacher, head of the Munich office and head of fund management in Europe.
It is not the first time Taft has worked for Invesco Real Estate, the property management arm of UK asset manager Invesco Perpetual. He spent nine months on secondment to the firm from August 2005. He also played an advisory role in the formation of a joint venture between Invesco and HVB in Munich in 2003.
Andy Rofe, managing director, said: “Alexander has considerable experience and knowledge on both an international and pan-European level. Added to the fact that he is already very familiar with our business processes and cross-border investment platform, there is no doubt that he will be an asset to our European business growth going forward.”
Invesco Real Estate has five offices in Europe as well as offices in the US and Asia, and manages €21.4 billion ($33 billion) of property assets, €7.7bn of which is in Europe. Its parent company, Invesco, is a global asset manager quoted on the New York Stock Exchange.