CRE Finance Council appoints chief executive

Real estate finance lawyer and trade body veteran Peter Cosmetatos has joined the European association as its chief executive. 

European trade association the Commercial Real Estate Finance Council (CREFC) has appointed a new chief executive: veteran property financing executive Peter Cosmetatos.

Cosmetatos takes up the post at CREFC after five years as director of policy (finance) at the British Property Federation (BPF), where he was responsible for formulating and articulating the industry’s views on finance, tax and regulatory matters, CREFC said in a statement.

He has more than 15 years of experience in real estate finance, and comes from a legal background. He worked for 10 years in Freshfields Bruckhaus Deringer’s tax department before moving to Wragge & Co in 2007 and then to the BPF in 2008.

The position is a newly-created one, a spokeswoman for CREFC confirmed.

Peter Denton, the incoming chairman of CREFC, commented in a statement: “Our industry is rapidly changing with a substantial lending diversification occurring, framed by a still uncertain macroeconomic and regulatory backdrop. The board will be charging Peter to rapidly implement a number of initiatives to ensure CREFC Europe continues to represent its membership and the wider industry in areas such as education, regulatory matters, best practice and communication.”