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Deutsche Bank makes changes at the top of real estate division

Roman Kogan will relocate to New York to manage the US loan origination desk while Dino Paparelli will move to London to become head of European property finance.

Deutsche Bank has reshuffled the leadership of its real estate finance team following the departure of Ed Adler as head of CRE loan originations for North America in April.

Roman Kogan will replace Adler, moving from his current role as head of commercial real estate in Europe to become head of US commercial real estate loan origination. Kogan will continue to run the European business until the end of 2018 and will split his time between the US and Europe until then.

In his new role, Kogan will be responsible for all large-loan, conduit and balance sheet-loan origination in the Americas. Stephen Choe, head of US large-loan origination, Richard Meth, head of US balance sheet lending, and Robert Pettinato, head of US CRE transaction management, will report to him.

Dino Paparelli will become head of commercial real estate in Europe, formally starting at the beginning of 2019. He will also continue to maintain responsibility for the group’s US special situations business, where he has worked for the past six years.

“There is absolutely no change in strategy. The European business will continue to be the dynamic team it has always been, Kogan told Real Estate Capital.

“From [financing] stable to transitional assets, development finance, NPLs, CMBS, balance sheet, syndication … we will continue to be a dependable financing partner for a broad array of real estate investors across Europe,” he added.

Kogan and Paparelli will be “working closely together” over the next several months as they transition to their new responsibilities, the bank said.