Hermes Investment Management has appointed Ben Patton from Barclays to its real estate debt team. Patton is currently vice president at Barclays real estate corporate banking team.
He will be responsible for the origination and execution of commercial real estate debt transactions and will report to Vincent Nobel, head of Hermes real estate debt. Nobel joined Hermes from M&G Investments last November.
The Hermes Real Estate Debt Fund invests in UK commercial real estate loans and was seeded with a £400 million cornerstone investment, believed to be from in-house client the BT pension fund. It has yet to make an investment.
Chris Taylor, chief executive of Hermes Real Estate, said: “Ben’s appointment to the Hermes Real Estate team highlights the quality of experienced individuals that Hermes continues to attract. We feel that Ben’s expertise and industry knowledge will be of great value to the team and our investors.”