Blackstone’s international head of actual property credit score has moved to Starwood Capital Group the place he has been appointed president.
Jonathan Pollack will formally be a part of Starwood initially of 2025. He’ll take over from Jeffrey Dishner, the corporate’s present president. After Pollack joins the agency, Dishner will turn out to be vice chairman.
In his new function, Pollack will lead all of Starwood’s committees, together with its govt, funding, disposition and working committees.
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“He’s a confirmed supervisor, and shares my imaginative and prescient that expertise thrives in a enjoyable and rewarding office,” mentioned Starwood’s chairman Barry Sternlicht.
“I couldn’t be extra excited to start out this subsequent leg of our journey with him as a part of our already completed management crew.”
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Pollack joined Blackstone in 2015, the place he oversaw a credit score enterprise with $84bn (£66.38bn) in property beneath administration. Previous to becoming a member of Blackstone, he was head of economic actual property at Deutsche Financial institution, the place he labored for 16 years.
Blackstone has confirmed that the agency received’t substitute Pollack’s function. Tim Johnson, international head of Blackstone’s actual property debt methods will proceed in that function, supported by Katie Keenan and Mike Wiebolt.
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