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Fortis recruits for real estate amid its turmoil

Posted on 07 October 2008

From IPE: Raymond Satumalay, formerly investment manager at Bouwfonds Asset Management, is joining Fortis Vastgoed Vermogensbeheer, the real estate division of Fortis Insurance Netherlands, as its managing director of fund management.

Fortis may have seen a huge management change today following the purchase of its remaining assets by BNP Paribas, but in the midst of this week’s activity, the company has recruited Satumalay to join the firm from 1 November. During his time at Bouwfonds Asset Management, Satumalay was responsible for structuring and managing institutional funds and created a communications infrastructure fund….. Full Article: Source


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