UBS Global Asset Management, the investment management business of UBS has promoted two of the senior executives within its Global Real Estate (GRE) business, one into a new role.
Peter Röhrenbach, has been made head of satellite countries, a role which oversees the investment and asset management activities of its GRE business in Iberia, France, Benelux and the Nordics.
He will remain based at the platform’s Madrid office where he was previously its head for the Iberia area. His previous role has gone to Jesús Silva Gallardo, an executive who joined the bank in 2007 and was responsible for asset management in the region. The firm has around $460 million of assets under management in Iberia.
UBS Global Asset Management's Global Real Estate business manages investments valued at $67.25 billion across Europe, Asia and the US. It majors on core and value-add investment strategies but also runs other real estate investment strategies including those dedicated to multi-manager funds and real estate securities.