US/JAPAN - Independent fund manager Aetos Capital has strengthened its Asian capabilities with the appointment of Ronald Rawald as a managing director of the firm's Japanese acquisition and asset management unit.
Rawald joins Aetos based in Tokyo. He will work alongside fellow managing directors Minoru Machida and Kazuhiro Minami.
He was most recently an executive director and head of real estate for Morgan Stanley's special situations group in Tokyo and was involved in developing the firm’s presence in Japan's distressed asset market. Before that he was a vice president involved in distressed real estate trading and property asset management activities for Merrill Lynch and its subsidiary, Merrill Lynch Hubbard, in New York.
Rawald's career of 15 years in real estate investment also includes positions with the Teachers Insurance & Annuity Association (TIAA/CREF), and Equitec Properties Company.
The Japanese unit forms part of Aetos' real estate and distressed debt investment effort led by James Allwin, president of Aetos, and Scott Kelley, managing director and head of real estate and special situations.
Rawald’s appointment comes at a time when the Japanese economy is undergoing a period of significant restructuring, resulting in several investment opportunities in real estate and distressed debt, said the firm. By Madhu Kalia
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