Citigroup taps new head of real estate business

Mar 1, 2005

Citigroup makes up ground lost to its rivals by appointing a new head of its real estate principal investment business in Asia.

Citigroup has hired David Schaefer from Macquarie to be a managing director and head of Asia Pacific for its Citigroup Property Investors business. This division was set up one year ago by Joseph Azrack in New York and seeks to put the bank's capital to work by investing in global real estate equity. The group does not conduct advisory business although it might undertake management contracts on a selected basis.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]