J.P. Morgan Asset Management – Global Real Assets has named Rossano Nonino as the new CIO and head of real estate Brazil.
In the newly created position, Nonino will be tasked with heading the firm's eight-member real estate investment team in Brazil.
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He will be based in Sao Paolo, and will report to head of real estate Americas Kevin Faxon, and locally to global investment management LATAM CEO Vital Menezes.
Earlier in his career, Rossano held the role of a managing director and partner at Rio Bravo Investimentos Group, where he helped structure Brazilian real estate investment funds and mortgage backed securities.
He served as managing director at Brazilian Capital between 2002 and 2012. In 2012 Rossano founded Gavea Investimentos’ real estate investment unit Gavea Real Estate.
J.P. Morgan Asset Management head of global real assets Joe Azelby said: "Brazil's political and economic structural upheaval has contributed to a 50% decline in real estate values in local currency terms since the market peak in 2011. As the dominant economy in Latin America, we see opportunity in this market.
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By GlobalData“With more than 16 years of experience and a proven track record of success in Brazil, Rossano will help our clients access local investment opportunities, while growing our regional presence."
J.P. Morgan Asset Management – Global Real Assets employs over 400 staff across its 19 offices in the Americas, Europe and Asia Pacific. The company managed over $90bn in assets as of 31 March 2016.
