Morgan Stanley announced Tuesday that its alternative investment unit had hired a Goldman Sachs executive, Joseph Stecher, to be the chief investment officer for funds comprising real estate assets.
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Mr. Stecher joined the Morgan Stanley Alternative Investment Partners unit after managing, for the past year, real estate funds of funds and separate accounts for institutions and high-net-worth individuals at Goldman.
Previously, he worked at General Motors Asset Management for 16 years, where he managed $1.5 billion of private-equity real estate, invested $5 billion in real estate, and managed more than 33 million square feet of space.
