Rockspring Property Investment Managers, the London-based real estate investment management firm, has appointed ex-Lehman Brothers EMEA head of real estate investment banking, Edmund Craston, in a move to expand its fund management business.
Craston, who has been made an equity partner and a managing director, will work closely with Rockspring chief executive, Robert Gilchrist.
He has spent the past year as a corporate finance consultant to a number of firms including Rockspring. Prior to Lehman Brothers, he was European head of real estate investment banking at UBS Investment Bank.
Gilchrist said of the appointment: “Having acted for a wide variety of participants in the property industry all over Europe, Edmund brings a broad and extensive range of experience and skills to enhance and diversify our senior management team.”
Rockspring manages both investment funds and separate accounts. In September, the firm won a mandate from the National Pension Service of Korea to invest in London offices of more than £150 million. The appointment was part of a wider push by the pension fund to invest approximately $3 million across London, New York, Sydney and Tokyo in 2009.