Grosvenor Fund Management (GFM) has appointed Gaston Brandes as Director of Capital Markets – Europe, as part of the firm’s continued growth. Brandes joins GFM from UBS Global Asset Management, where he was Executive Director of Global Real Estate Business Development in the company’s Frankfurt office.
The appointment strengthens a growing Capital Markets team at GFM. It comes at a time of expansion for GFM’s European retail interests as well as the launch of new funds including Grosvenor’s fifth high street retail investment vehicle (Urban Retail V) and its second London office fund (London Office II (Growth)). Brandes’ arrival further builds the European Capital Raising team which saw two additional hires in 2014 and, with this appointment, is now five-strong.
Prior to his role at UBS, Brandes held posts at Franklin Templeton Investment Services, including Product Manager Europe for Institutional Asset Management. He has real estate private equity experience in several countries worldwide, including Germany, Switzerland, the Nordics, and the USA.
Alexia Gottschalch, Global Head of Capital Markets at GFM, said: ‘We are very pleased to welcome Gaston to our Capital Markets team. 2014 was a good year for GFM, with particular growth in our European retail portfolio. I am confident that Gaston will help us in our goal to grow GFM’s business in terms of both assets under management and profitability for our clients. He will also be instrumental in developing lasting relationships with our investment partners, current and new.’
Gaston Brandes added: ‘I am looking forward to joining at such an exciting time. The recent successes of GFM provide an incentive to continue to invest in global urban real estate. This serves as an excellent platform to build on GFM’s achievements in the coming year.’
For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
020 7312 6479/6101
Notes to Editors
Grosvenor Fund Management offers a range of sector and region-specific property investment vehicles, with a focus on European urban retail and London offices, which aim to deliver attractive, risk-adjusted returns and a high level of client service. Operating from 12 offices in the USA, Europe and Asia, we employ 102 professionals with local knowledge and skills to execute our strategic investment decisions and create value for our investors. As at 31 December 2013, Assets under Management were £3.2bn with 66 investor partners in 26 property funds, club deals and separate account mandates.