Madison, N.J.—Prudential Real Estate Investors has added Michael Gallagher as a director and portfolio manager to its global real estate securities team. He has also been added as a manager on the Prudential Global Real Estate Fund. PREI is the real estate investment management and advisory business of Prudential Financial Inc.
Gallagher, who joined PREI in September, 2012 as an associate portfolio manager for European real estate securities, will now be responsible for all aspects of portfolio management for the fund’s European securities. He has also been added as a portfolio manager for the Prudential International Real Estate Fund and the Prudential U.S. Real Estate Fund.
Gallagher has more than 13 years of experience working in the public securities market. Prior to joining Prudential, he was the assistant fund manager for global real estate securities at Aviva Investors in London. He was also a vice president at Citigroup in London and a pan European equity analyst at Deutsche Bank. He holds a bachelor’s degree from Harvard University and a master’s degree from Cornell University.
In addition to Gallagher, PREI also promoted Rick Romano to managing director for the global real estate securities team where he is responsible for security selection, portfolio strategy and portfolio construction in North America.
Romano, who joined PREI in 1998, helped form the global real estate securities team in 2005. Prior to joining Prudential, Romano was an equity analyst for Rockefeller and Company, an investment management firm for the Rockefeller family and other high net worth clients. Romano was also a senior investment analyst at the Prudential Realty Group where he worked on the valuation, asset management and portfolio management of a $1billion equity hotel portfolio.
He earned a bachelor’s degree from Rutgers University and an MBA in Finance from New York University’s Stern School of Business.