Stephan represents another tremendous addition to our leadership team, bringing to Cole a wealth of finance acumen, operating expertise and deep relationships developed at one of the world’s premier financial institutions.
Phoenix, AZ (PRWEB) November 01, 2011
Cole Real Estate Investments (Cole), one of the nation’s leading real estate investment management firms, today announced that Stephan Keller has joined the firm as Executive Vice President & Chief Financial Officer.
Keller will lead Cole’s finance and accounting teams, and will be primarily focused on corporate strategy, corporate business planning, treasury and corporate financing activities. He also will be responsible for broadening Cole’s access to various capital sources, which will provide the resources to allow the firm to capture long-term growth opportunities. These opportunities will include the launch of new products, the expansion into new distribution channels and the continued broadening of Cole’s investment management capabilities.
Keller joins Cole from UBS in London, where he served as Chief Operating Officer of the Financial Institutions Group in Europe, the Middle East and Africa. During his 20 year career with UBS, he rose from an equities trader to a corporate-level risk executive. He served as Chief Risk Officer for the U.S. Wealth Management business before taking on that role for the Global Investment Bank from 2004 to 2006. From 2006 to2010, Keller served as Treasurer for UBS worldwide, overseeing a balance sheet over $2 trillion and an investment portfolio of more than $175 billion.
“Stephan represents another tremendous addition to our leadership team, bringing to Cole a wealth of finance acumen, operating expertise and deep relationships developed at one of the world’s premier financial institutions,” said Marc Nemer, Cole’s President and Chief Executive Officer. “His global perspectives and access to key influencers and pools of investment capital will further benefit our business as we look to expand our opportunities and capabilities, both within the United States and around the globe.”
Keller’s hiring adds to Cole’s success assembling a top team of senior-level executives with decades of leadership experience from the world’s most prominent financial services and real estate companies, further strengthening the firm’s industry-leading position.
Cole also announced that current CFO Kirk McAllaster will transition to CFO of Cole’s REITs and Real Estate Funds, a newly-created position. In this role, McAllaster will continue to serve as CFO of the firm’s six public company REITs and other real estate funds, and lead Cole’s public reporting and audit functions. He also will play a leadership role in a broad range of accounting, corporate governance and finance activities – including portfolio build-out, property and portfolio-level financing, cash management and portfolio valuation. McAllaster will report to Keller and remain an integral member of the company’s Executive Committee and Investment Committee.
“Our business and real estate portfolios are growing, and we are expanding our team to meet our long-term objectives. Kirk and Stephan will play key roles in positioning Cole going forward,” said Nemer.
About Cole Real Estate Investments
Founded in 1979, Cole Real Estate Investments is one of the most active acquirers of core real estate assets, managing one of the country’s largest portfolios of retail properties. Cole primarily targets net-leased single-tenant and multi-tenant retail properties under long-term leases with high credit quality tenants, as well as single-tenant office and industrial properties. Cole executes a conservative investment and financing strategy designed to provide investors with the opportunity for stable current income and capital appreciation. Today, Cole-related entities own and manage more than 1,500 properties representing approximately 56 million square feet of commercial real estate in 47 states with a combined acquisition cost of approximately $9.3 billion.