Kozloski, who is joining JER as president of Emerging MarketsOpportunities Business, oversaw new fund commitments for a $1.7billion private equity portfolio at the World Bank agency. At theIFC Moscow office, she was senior investment officer in charge ofdirect investments in Russia and Eastern Europe. She was also anadvisor to Poland's Ministry of Privatization.

At JER Kozloski will help develop a management team and businessplan for the company to expand its emerging market investmentplatform. A broadening of the product line to include non-realestate investments is among this platform's goals as well as thegreater goal of exposure to a globally diversified portfolio ofhigh performing equity funds targeting emerging economies.

JER's investment management team has been undergoing a shiftover the last few months as it brings on new talent--and losesother key staffs. Specifically, Cia Buckley, JER's former presidentof the US fund business, moved to the New York City-basedinvestment management firm Dune Capital Management LP last month.She joined the firm as a partner in its Fifth Avenue office, asreported in GlobeSt.com.