Stephen Hayes
Head of Global Property Securities

Stephen is ultimately responsible for overseeing all facets of the management of regional and global real estate securities strategies. More than 20 years' investment experience. Stephen re-joined the company in September 2012, having previously been Head of Property Securities between 1999 and 2006. Prior to re-joining the company, Stephen founded Perennial Real Estate Investments in January 2006 and as Managing Director was successful in building the largest real estate securities boutique in Australia.

Tuan Pham
Senior Portfolio Manager Asia Pacific

Tuan is responsible for the management of Asia Pacific property securities portfolios across a number of funds and mandates. More than 20 years' investment experience. Prior to joining the company, Tuan was Regional Head for Asia at Perennial Real Estate Investments. Tuan has previously worked at Colonial First State Investments as a Portfolio Manager covering property securities for the Asia Pacific region.

Stuart Axelrod
Senior Portfolio Manager Americas

Stuart shares responsibility for the management of property securities portfolios in the Americas across a number of funds and mandates. More than 20 years' investment experience. Prior to joining the company, Stuart was an investment analyst at Citigroup Global Markets on the buy-side focused on the REIT sector. Stuart has held roles at High Rise Capital Management LP and Lehman Brothers.

Daniela Lungu
Senior Portfolio Manager UK and Europe

Daniela is responsible for the management of UK and European property securities portfolios across a number of funds and mandates. More than 20 years' investment experience. Prior to joining the company, Daniela was a property consultant providing advice on strategic projects. Daniela has held roles at CBRE Investors, Sky Capital, Deutsche Bank and Creditanstal (now part of UniCredit Group)

Dennis Maloney
Portfolio Manager, Americas

In his role, Dennis shares responsibility for the management of Americas Property Securities portfolios across a number of funds and mandates.

Dennis is both a Chartered Financial Analyst (CFA) and a Chartered Market Technician (CMT).  Dennis has a Master’s degree in Business Administration (MBA) from the Tuck School, Dartmouth College, as well as a Bachelor of Arts degree in Economics (Hons) from the State University of New York at Binghamton. 

Prior to joining the company in July 2016, Dennis worked for over seven years as a Portfolio Manager at Perennial Real Estate Investments. At Perennial, he invested in REITs and listed real estate-related companies across the Americas, using a bottom-up, conviction-based investment approach. Before Perennial, Dennis worked on the sell-side covering REITs at Goldman Sachs, Deutsche Bank Securities, and Dresdner Kleinwort Wasserstein.

Prior to his sell-side experience, he worked on the mortgage bond sales desk at Merrill Lynch. Dennis began his career at Prudential Real Estate Investors (PREI) focused on direct property investment. 

Peter Cashmore
Portfolio Manager, Australia

Peter is responsible for the management of Australian property securities portfolios across a number of funds and mandates. More than 20 years investment experience. Prior to joining the company, Peter worked as a Senior Real Estate Equities Research Analyst at National Australia Bank. Peter has held roles at BT Funds Management, Deutsche Asset Management and Citigroup.

Archena Alagappan
Investment Analyst - Americas

Archena has a Bachelor of Commerce degree from Stella Maris College and a Master of Business Administration (MBA) degree, with a concentration in Finance and Corporate Accounting, from the Simon Graduate School of Business, University of Rochester. 

In her role, Archena is responsible for the analysis and research of property companies in the Americas.

Prior to joining CFSGAM in June 2016, Archena worked for four years as a Senior Research Associate on the Sell-side Equity REIT Research team at Citigroup Global Markets, where she focused on healthcare, lodging REITs and lodging C-corps. Before that, Archena worked as a Quantitative Marketing Analyst at Perella Weinberg Partners. She also worked as a Prime Brokerage Content Research Associate at Morgan Stanley. 

Andrew Schaffer
Investment Analyst, Americas

In his role, Drew is responsible for the analysis and research of property companies in the Americas.

Drew is both a Chartered Financial Analyst (CFA) and a Chartered Alternative Investment Analyst (CAIA). He has a Bachelor of Arts from Wheaton College, with a Major in Economics and a Minor in International Relations.

Prior to joining the company in February, 2019, Drew worked for three years at Madison International Realty where he was responsible for sourcing, underwriting and structuring real estate transaction within both the public and private markets. At Madison he covered apartment, industrial, mall, manufactured housing, shopping centre, single family rental, storage and student housing sectors.  Prior to that he was part of the First State property securities team in 2015 and 2016 where he covered a range of sectors. His investment career began with a REIT equity research role at Sandler O’Neil and Partners in New York.

Ivan Introna
Portfolio Manager, UK/Europe

In his role, Ivan is responsible for the management of UK and European Property Securities portfolios across a number of funds and mandates.

Ivan is a CFA Charterholder and holds a MSc in Banking and International Finance from Cass Business School, London and a BA in Economics and Commerce from Universita’ degli Studi di Bari, Italy.

Prior to joining the company in January, 2019, Ivan worked in European- focussed property equity analysis, for five years at CenterSquare Investment Management and prior to that for three years at Henderson Global Investors. At Henderson he also worked for a year in an investment services role, liaising with investment managers, product specialists and sales teams.

Ivan’s career before starting in investments includes roles at Willis in insurance, at Barclays in treasury and at the Cass Business School.