JER Partners has taken on Chester Barnes, head of asset management in Europe, the Middle East and Africa at Merrill Lynch Global Principal Investments based in London.
Barnes joins from Merrill Lynch, which is being swallowed by Bank of America for $50 billion (€35 billion), to become managing director and head of European asset management at JER. He will report to European head Malcolm Le May.
The appointment is the latest in a string of new hires by the Virginia, Mclean headquartered firm where former GE Real Estate head Michael Pralle was installed as president and chief executive last year.
This week the firm revealed it had also hired Carlos Mateos from GE Capital Solutions for its Latin America operation. Mateos managed a 30-strong team of analysts at GE in Mexico City. In his new role, he will be based in Sao Paolo from where he will report to Ariel Amavizca, head of risk management, Latin American Investments.
Earlier this month JER announced it had poached a new Central and Eastern Europe team from Pralle’s former firm. Karim Habra, Christopher Zeuner and Petr Kosar are to establish a platform in the region.