Hermes Investment Management has appointed Ben Patton to the newly created role of associate director to the firm’s real estate debt team.
Based in London, Patton will be responsible for the origination and execution of commercial real estate debt transactions. He will report directly to Vincent Nobel, head of Hermes real estate debt.
Launched in 2013, the Hermes Real Estate Debt Fund invests in UK commercial real estate loans and was seeded with a £400 million (€558.8 million) cornerstone investment.
Prior to joining Hermes, Patton was vice-president in the real estate, corporate banking team at Barclays Bank.
Chris Taylor, chief executive of Hermes Real Estate, says: “We feel that Ben’s expertise and industry knowledge will be of great value to the team and our investors.”
Hermes has £28.6 billion in assets under management, as at December 31, 2014.
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