The former global head of commercial real estate at Deutsche Bank, John Nacos, has joined the board of CR Investment Management (CR).
Nacos, who has held various positions at Deutsche Bank and Merrill Lynch, will focus on developing debt and equity strategies for the investment manager.
Nacos left Deutsche Bank in 2011 to join the board of O1 Properties as an independent non-executive director. O1 is one of the largest owners of Moscow commercial real estate.
CR has also appointed Michael Stanton, O1 Properties’ former chief investment officer, to its board. Prior to joining O1 in 2010, Stanton worked for Otkritie Financial Corporation and has held various roles at GLS Capital, Oppenheimer & Company and Westpac Banking Corporation in New York.
Both Nacos and Stanton have joined CR’s board alongside the firm’s shareholders and managing directors: Jacob Lyons, Claudius Meyer, Stephen Benson and Torsten Hollstein.
“John and Michael are very well regarded in the industry and bring valuable experience to the table,” said Jacob Lyons. “We look forward to working together to further develop our debt and equity strategies.”
Founded in 2004 and headquartered in London and Berlin, CR has €7bn of real estate, infrastructure and shipping assets under management.