Pimco, the global fixed income giant, has hired Roman Kogan from Deutsche Bank as an executive vice president and portfolio manager responsible for private commercial real estate debt strategies in Europe.
Kogan has headed DB’s commercial real estate team in Europe for the past five years, At Pimco, he will focus on private CRE strategies and play an important role in the transition of oversight of Allianz Real Estate to Pimco, which was announced in March. He will be based in New York while frequently travelling to EMEA. He will report to John Murray, managing director and head of Commercial Real Estate.
‘Pimco has made significant investments in our real estate team in recent years and Roman’s knowledge and expertise in this key strategic area will help us find attractive opportunities for our clients, especially in the volatile markets we are seeing right now,’ said Dan Ivascyn, Pimco’s Group Chief Investment Officer. ‘Navigating the risks and opportunities in the broad credit and real estate markets will be critical to our clients over the long-term, whether they are invested in mutual funds or private strategies.’
‘We’re excited to have Roman join Pimco’s commercial real estate team,’ said Murray. ‘His vast experience and demonstrated leadership in both private and public commercial real estate markets in Europe will strengthen Pimco’s platform as we position for attractive investment opportunities over the cyclical and longer-term horizons.’
Pimco announced last month that it intends to assume management control of the real estate arm of its parent company, Allianz. The group, which is headquartered in Newport Beach in California, believes the ‘organic move’ will strengthen its Alternatives capability by creating a real estate manager with more than $100 bn (€88.39 bn) of real estate AUM in core, value-add and opportunistic real estate across Europe, the US and the Asia-Pacific region.
Allianz currently has more than €70 bn of real estate AUM, the majority being in core, core-plus and private lending. Pimco, which is best known for its opportunistic and credit real estate strategies, is contributing the balance as it grows to beyond €88 bn.
Kogan spent over 10 years at Deutsche Bank in London and New York in various roles including European head of Commercial Real Estate as well as head of CRE Origination in the United States. He began his finance career in Deutsche Bank’s structured credit trading group and also spent four years in the structured credit trading group at Merrill Lynch.