Arrow Global has appointed Diego Gracia as chief executive of Spain to strengthen the group’s Iberian platform.
Gracia, who reports into Enrico Sanna, chief executive platforms and group chief operating officer, will lead delivery of the pan-European investment manager’s origination strategy in Spain, in turn accelerating the growth of its local platforms and building its market presence.
Read more: Arrow Global appoints MD for client and product solutions
His focus will be on increasing investment activity, improving local coverage and positioning the business to capture opportunities across credit, lending and real estate.
The group’s assets under management across Portugal and Spain top €16bn (£13.9bn), and it operates eight local platforms with a team of more than 1,000.
Arrow’s offering in Spain includes master servicing platform Amitra, which is active in Portugal as well, and Elba, its specialist lending platform focused on direct lending, bridging, development and investment loans.
He joins from Lapithus-Apollo Global Management, where he was managing director and head of special situations real estate Europe.
Read more: Arrow Global launches specialty insurance arm
Prior to this, he worked at Bain Capital where he was responsible for real estate developments across Europe and for building several captive investment and asset management platforms centred on special situations real estate and Iberian opportunities.
“Iberia is a strategically important region for Arrow, and Spain is a key growth market within it,” said Sanna. “Diego combines deep local market knowledge with an impressive track record in investment, asset management and platform building across Europe.
“With Amitra and Elba providing strong foundations on the ground, he is ideally placed to accelerate our origination strategy and expand our capabilities across credit, lending and real estate in Spain.”
The private credit and real estate manager manages €125bn of assets across its funds and platforms, and has a presence in eight countries.
Read more: ICG hires head of France to lead European Corporate strategy
