Mr. Welch is an Experienced Global Capital Markets Executive with a Mandate to Expand RMR’s International Capital Relationships
The RMR Group (Nasdaq: RMR) today announced that Peter Welch has been appointed Senior Vice President and Head of International. In this newly created role, Mr. Welch will be responsible for expanding the company’s international brand and relationships with global institutional capital partners. He will focus exclusively on RMR and its managed clients, working to support the company’s capital formation initiatives and long-term strategic objectives.
Mr. Welch’s role will complement the previously announced hiring of Mary Smendzuik as a Senior Vice President and Head of Capital Formation. Ms. Smendzuik has been focused primarily on RMR’s North American institutional capital partners.
Prior to joining RMR, Mr. Welch was most recently a Senior Advisor at Bain Capital Credit covering investment and capital formation. He previously held senior leadership roles at Wells Fargo Securities, including as the Singapore Chief Executive Officer and Head of the Global Institutional Client Group for Asia Pacific, where he managed relationships with sovereign wealth funds, pension plans and family offices. Earlier in his career, Mr. Welch was a Partner and Managing Director at Goldman Sachs JBWere in the Merchant Banking Division.
Adam Portnoy, President & Chief Executive Officer, made the following statement:
“Peter’s deep experience in global capital markets, combined with his long-standing relationships with international investors, will strengthen RMR’s reputation with international partners and cultivate new sources of capital. We remain focused on expanding our private capital AUM and global investor base, and Peter’s extensive background and expertise will be a significant asset to the company.”
Mr. Welch made the following statement:
“I am excited to join RMR at a time when the company is investing meaningfully in its capital formation capabilities and expanding its global reach. The company’s vertically integrated platform and scale across all major commercial real estate sectors are clear differentiators that create compelling opportunities to build durable international partnerships.”
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