NEW YORK CITY—As Americas head Kevin R. Smith prepares to retire from PGIM Real Estate after 36 years, the company has announced a series of new leadership roles for some of its key executives. Twenty-year company veteran Cathy Marcus has become head of PGIM Real Estate's US business while continuing to serve as global COO, and Americas CIO Alfonso Munk will take on the additional duties of serving as Latin America head.
Both roles were effective at the start of 2018. Smith's planned retirement this coming March and the succession plans were announced to investors this past May.
Since joining PGIM Real Estate in 1998, Marcus has served in a variety of transactions and portfolio management roles, including senior portfolio manager for PGIM Real Estate's flagship core equity real estate fund. As head of the US business, she's now responsible for the development and implementation of PGIM Real Estate's strategy and operations in this country, with oversight of US portfolio and asset management.
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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.
