Milan, 9 June 2016 – The Board of Directors of Prelios SGR, which met today, appointed Andrea Cornetti, formerly Chief Investment Officer of the SGR since 2015, as General Manager in charge of business.
The Board also extended the responsibilities of Alessandro Busci, appointing him Head of Fund Management. Busci has been working at Prelios since 2006 holding positions of increasing responsibility; recently he was appointed Head of Fund Management Residential & Public Sector, and in 2015 he also took office as Real Estate Acquisition Manager.
The Chairman of Prelios SGR, Alberto Rossetti expressed satisfaction “The company boasts a cohesive team that has worked very hard in recent years to progressively implement the 2015-2017 three-year plan deploying high skills. It is only natural that the Board opted for the choice to promote the talents within the company. We are pleased to wish our managers good work, so they can grow and help Prelios SGR grow even further, as they have done so far.”
With 29 funds under management as at 31 March 2016, of which one listed, Prelios SGR achieved in 2015 total assets under management amounting to approximately 3.8 billion Euro.
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Andrea Cornetti GENERAL MANAGER IN CHARGE OF BUSINESS
He joined Prelios in 2013 as Head of Business Development, Fund Raising & Investor Relations, managing the establishment of 4 new funds; from May 2015 Chief Investment Officer of Prelios SGR.
From 2007 to 2013 he worked in a leading Italian Real Estate Asset Management Company as Business Development Director, where he coordinated business opportunities (real estate acquisitions, joint venture participations) and developed new products for the market both for retail and institutional investors. He managed the establishment of 10 funds with an overall AUM of more than 5bn€. There he was also in charge of the Fund Raising activities and relations with domestic and international investors (i.e. Pension Funds, Sovereign Wealth Funds, Insurance Companies, HNWI, etc.).
In PricewaterhouseCoopers he was employed in the chairman’s Staff in New York and Rome for two years, and he worked from for several companies in project management roles gaining significant experience in a variety of industries. This led to his move to Deloitte Consulting as a project manager.
Following a period as a financial analyst with Imigest - IMI in Rome, he worked for Bear Stearns & Co. as a financial analyst in the Equity and Emerging Markets Research Department in New York.
Alessandro Busci HEAD OF FUND MANAGEMENT
Since 2011 Head of Fund Management Residential & Public Sector in Prelios SGR and since May 2015 Real Estate Acquisition Manager.
He joined the Prelios group as Asset Manager in 2006 and then assuming the role of the Head of Office and Retail Asset Management until 2011.
He started his careers in 2000 working for six years at Warner Music Italy, as Financial Controller with a focus on planning for the medium - long term and on the analysis of business opportunity and investment.
He graduated at Bocconi University in Business Administration and obtained a Executive Master in Business Administration at MIP School of Management of Polytechnic University in Milan