Key Takeaways
- • Kathleen McCarthy, global co-head of Blackstone's real estate business, is leaving the firm after 15 years to pursue her "next chapter", according to her LinkedIn statement.
- • McCarthy has held her current role since 2018 and will remain focused on her duties through year-end before taking time off for family and travel over the holidays.
- • The departure is one of several senior people moves in real estate and real assets reported by IPE Real Assets, including changes at Barings, Nido Living, Cohen & Steers, Dominus and Praxis Group.
Summary
Kathleen McCarthy, global co-head of Blackstone's real estate business, is leaving the firm after 15 years, according to IPE Real Assets. McCarthy, who has held her current role since 2018, said on LinkedIn that she will stay focused on her duties through year-end. She plans to take time for family and travel over the holidays before turning to new professional challenges. The article does not name a successor or detail the timing of a formal handover.
The item was part of a broader roundup of people moves across the real estate and real assets sector. At Barings, Alistair Wright was promoted to head of Asia Pacific real estate, succeeding Duncan Robertson, who retires after 17 years with the firm. Eric Jan will take an expanded role as head of Greater China and Southeast Asia, covering China, Singapore, Hong Kong and Taiwan, with governance responsibilities for Barings India, reporting to Wright.
Other appointments included Cohen & Steers, where Daniel Noonan was promoted from EVP and head of global wealth to head of global distribution, and Praxis Group, which named Gary Varley chief financial officer, reporting to CEO Mark Harrison. At Dominus, Andrew MacDonald joined as chief financial officer from Sellar, while former Unite Group CEO Richard Smith was appointed senior advisor to support the company's growth as it scales its UK hotel platform and London-focused student housing portfolio. Clarion Partners added Sarah Warmisham as managing director and head of EMEA distribution, based in London.
The item was part of a broader roundup of people moves across the real estate and real assets sector. At Barings, Alistair Wright was promoted to head of Asia Pacific real estate, succeeding Duncan Robertson, who retires after 17 years with the firm. Eric Jan will take an expanded role as head of Greater China and Southeast Asia, covering China, Singapore, Hong Kong and Taiwan, with governance responsibilities for Barings India, reporting to Wright.
Other appointments included Cohen & Steers, where Daniel Noonan was promoted from EVP and head of global wealth to head of global distribution, and Praxis Group, which named Gary Varley chief financial officer, reporting to CEO Mark Harrison. At Dominus, Andrew MacDonald joined as chief financial officer from Sellar, while former Unite Group CEO Richard Smith was appointed senior advisor to support the company's growth as it scales its UK hotel platform and London-focused student housing portfolio. Clarion Partners added Sarah Warmisham as managing director and head of EMEA distribution, based in London.
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