LONDON-CREFC Europe says Peter Cosmetatos has joined as chief executive officer. Cosmetatos brings to the position more than 15 years of experience in property finance, having held senior-level tax, legal and policy positions. He joins CREFC Europe after spending five years as director of policy (finance) at the British Property Federation, where he was responsible for formulating and articulating property industry views on finance, tax and regulatory matters. In recent years, he developed a growing focus on financial regulation and the policy challenges arising from the real estate debt overhang.
“On behalf of CREFC Europe's Directors, Board of Advisors, its members and staff, I am delighted to have Peter on board. Peter is strongly placed to lead the association in Europe and address the key issues facing the industry,” said Christian Janssen, chairman, CREFC Europe.
“I very much look forward to working with Peter,” added Peter Denton, chairman elect. “Our industry is rapidly changing with a substantial lending diversification occurring, framed by a still uncertain macroeconomic and regulatory backdrop. The board will be charging Peter to rapidly implement a number of initiatives to ensure CREFC Europe continues to represent its membership and the wider industry in areas such as education, regulatory matters, best practice and communication,”
“I am very excited to be taking up the Chief Executive Officer role at CREFC Europe at a very interesting time for the market,” noted Cosmetatos. “I am relishing the challenge of building its membership, reputation and influence on the foundations that the existing team and the very committed individuals on its Board have put in place. I look forward to getting to know the members and working with them and other stakeholders to create the conditions in which finance providers, their customers in the real estate industry and the wider economy can best flourish.”
CRE Finance Council is a Washington DC based trade association dedicated to promoting the strength and liquidity of commercial real estate finance worldwide. CREFC acts as a legislative and regulatory advocate, plays a vital role in setting market standards and provides education for market participants in this key sector of the global economy. CRE Finance Council Europe, based in London, was formed in July 2004 and plays a crucial and active role in the global Commercial real estate finance marketplace.
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