People Moves
UBS Taps AXA for Head of Global Real Estate

UBS Global Asset Management has hired Paul Marcuse as head of its global real estate business. He will be based in London and will be appoin...
UBS Global Asset Management has hired Paul Marcuse as head of its global real estate business. He will be based in London and will be appointed immediately to the executive committee of UBS GAM, reporting to John Fraser, chairman and chief executive of UBS GAM. Global Real Estate invests in properties in continental Europe, Japan, the UK and the US and also in publicly-traded global real estate equities. It offers core and value-added strategies, real estate securities and agriculture investments on a global, country or region-specific basis. In his new role, Mr Marcuse will have overall responsibility for managing this business area. He takes over from James O’Keefe who will continue to be a full-time member of UBS GAM and will be appointed as senior advisor to the Global Real Estate team. Mr Marcuse has been chief executive of AXA Real Estate Investment Managers since March 2000 and before that worked in Rodamco Group, UBS, BZW and Goldman Sachs.