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NEW YORK CITY- ING Real Estate Finance on Thursday said it had promoted Michael Shields to managing director and Americas head. Shields will now be responsible for the company’s $6.7-billion real estate loan portfolio in the Americas, including term loans, construction loans and subordinate debt.

Shields brings 20 years’ experience in real estate lending, asset management, restructuring and workouts to his new role. He’ll also be responsible for growing ING REF’s portfolio in the Americas via investments in cash-flowing, high-quality real estate assets, and positioning the company to borrowers with a proven track record in real estate development and management, according to a release.

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