Patrizia has hired Amal Del Monaco as its new European head of asset management and chair of its country heads.
Amal Del Monaco will join Patrizia from AXA IM Alts where she spent the last 24 years. Her most recent roles there included global head of living (2020-21) and head of asset management sector specialists (2018-2020).
Del Monaco, who will be based in Paris, will be responsible for leading asset management across Patrizia’s pan-European portfolio, and will chair the company’s group of European country heads.
Reporting into Anne Kavanagh, Patrizia Management Board Member and Global CIO, she will work alongside Patrizia’s European CIO, Philipp Schaper, who leads fund management and transactions.
”Fluent in four languages, including Spanish and French, she further strengthens Patrizia’s regional expertise in south-western Europe. Del Monaco also brings a wealth of international experience in managing real asset investments across a range of sectors including living and logistics, as well as overseeing local teams,” said the company in a statement.
“I am very excited that Amalwill join Patrizia with her comprehensive international experience in managing both real estate and real assets. She will be responsible for developing futureproof, long-term asset management strategies for all our assets. This is crucial to meet the increasing expectations of our clients in making a positive environmental and social impact, whilst delivering stable financial returns. She will also lead our best-practice sharing approach and continue to manage collaboration among all European country heads,” said Anne Kavanagh.
Amal Del Monaco commented: “I am very much looking forward to joining Patrizia at a time when, more than ever, we rely heavily on active asset management to embrace innovation, tackle financial, environmental and social constraints or opportunities to deliver sustainable value for tenants and clients. I am also thrilled to bring my real asset expertise, cross-border experience and all my enthusiasm to Patrizia at a time when the company is broadening its portfolio and moving beyond real estate into becoming a leading partner for global real assets.”
Anne Kavanagh added: “On behalf of the Management Board, I would like to take this opportunity to wish Rikke Lykke the very best for her new senior leadership role outside Patrizia and thank her for her great work over the past nine years. Rikke achieved many milestones during her time with us, including the integration of three major companies we acquired. She played a key role in helping Patrizia become a leading independent investment manager across Europe with international reach. And her leadership in successfully managing our tenant relationships and assets, especially during the Covid-19 pandemic, was outstanding.”