NEW YORK CITY-The global head of RREEF’s opportunistic real estate investing platform, Chris Papachristophorou, will be leaving Deutsche Bank, his employer for the past 15 years, at year’s end, the online newsletter PERE reported Tuesday. A Deutsche Bank spokeswoman tells GlobeSt.com the firm has no comment on the PERE report.
The news about Papachristophorou apparently departing RREEF Opportunistic Investments comes less than a week after GlobeSt.com confirmed that Kurt Roeloffs, RREEF’s global CIO, would be retiring at the end of 2012. In addition, PERE reported that RREEF chairman David Brush has left the firm to join the European real estate investing platform of Brookfield Asset Management.
Last month, Deutsche Bank said it would hang onto RREEF, which it had considered spinning off to Guggenheim Partners. RREEF and other divisions—including DWS Americas, DB Advisors and Deutsche Insurance Asset Management—will be part of the newly integrated Asset & Wealth Management platform, the Frankfurt-based bank, which has US headquarters in Lower Manhattan, said in September.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
