Deutsche Bank’s global head of commercial real estate, Matt Borstein, has exited his role at the bank for a role at Oak Hill Advisors (OHA), Oak Hill announced today. Deutsche’s Dino Paparelli, who most recently served as the bank’s head of commercial real estate in Europe, will be handed the reins of the global CRE outfit, sources said.
Borstein, a veteran of more than 26 years in the commercial real estate sector, is joining Oak Hill as a partner after a decade at Deutsche Bank and five years in his post as global head of commercial real estate, where he led a $30 billion real estate financing operation. He was also named the head of global financing and credit trading for the Americas last year.
Borstein’s successor in the role of global head of commercial real estate is Paparelli, the bank’s previous head of the firm’s CRE business in Europe and someone who’s logged nearly nine years at the bank. Riddhi Barman will assume control of Borstein’s previous role as the head of global financing and credit trading for the Americas, as per an internal memo circulated by Deutsche Bank and obtained by CO.
Borstein will help spearhead an expansion of Oak Hill Advisors real estate investment activities, deploying “capital across a range of real estate opportunities including loans, securities and hard assets,” as per the firm’s announcement.
Borstein expressed his excitement in joining OHA in a statement, adding that the “firm has been a successful opportunistic investor in real estate and