Spanish real estate investment services firm Altamira Asset Management has appointed Borja Ortega and Jon Egaña with the aim of bolstering its presence in Spain.
Ortega, hired as head of global business at Altamira AM, joins the firm from Jones Lang LaSalle, where since 2016 he was responsible for the capital management area of the company. Prior to that, Ortega held the role of investment director for different companies including Hispania, Elitia RE Advisors and Colliers International in Madrid, being responsible in the last for the firm’s global business development.
With over 16 years’ real estate experience, Ortega started his career as associate director at Jones Lang LaSalle.
Egaña, who has over 17 years’ experience in NPLs management, servicing and asset management, joins Altamira AM as a member of the board of directors and deputy director of the firm’s asset management division, led by Miguel Soria and with over €30bn of AUM as of the end of 2017.
Before joining Altamira AM, Egaña worked as the general director of Grove Capital Management in Spain during three years.
From 2010 to 2015, Egaña was responsible for the recovery division, and the workout and corporate restructuring teams at Barclays in southern Europe, as well as for the property management in Spain. He also worked at Bankinter and Indra, and started his career at Capital One.
Both appointments are part of the company’s desire of bolstering its presence in Spain and expanding globally.
Altamira’s assets under management are 7% up year-on-year, having amounted to some €53.80bn. With more than 82,000 properties, the firm started its global expansion last year, focusing firstly on southern Europe and entering in some countries like Portugal and Greece, among others.