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MERLIN Properties SOCIMI SA (MRL.MC)

MRL.MC on Madrid SE C.A.T.S.

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14 Aug 2020
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Summary

Name Age Since Current Position

Francisco Javier Garcia-Carranza Benjumea

2017 Chairman of the Board

Ismael Clemente Orrego

2016 Chief Executive Officer, Vice Chairman of the Board

Fernando Lacadena Azpeitia

Financial Director

Miguel Ollero Barrera

2016 Chief Operating Officer, Executive Director

David Brush

Chief Investment Officer

Francisco Rivas Gonzalez

Director of Business Development

Ines Arellano

Director of Investor Relations

Jesus Vicente Asenjo

2018 Director of Asset Management

Manuel Garcia Casas

Director of Asset Management

Luis Lazaro

Director of Asset Management

Miguel Onate Rino

2018 Director - Asset Management

Javier Zarrabeitia

Director of Asset Management

Monica Eloisa Martin de Vidales Godino

Non-Member Secretary

Ildefonso Polo Marmol

Vice Secretary (Non-Director)

Francisca Ortega Hernandez-Agero

2016 Director

Juan Maria Aguirre Gonzalo

57 2016 Independent Director

Emilio Novela Berlin

2018 Independent Director

Pilar Cavero Mestre

2016 Independent Director

Ana Garcia Fau

51 2014 Independent Director

John Gomez Hall

2015 Independent Director

George Johnston

2017 Independent Director

Maria Luisa Jorda Castro

2014 Independent Director

Fernando Javier Ortiz Vaamonde

2014 Independent Director

Fernando Ramirez Baeza

IR Contact Officer

Biographies

Name Description

Francisco Javier Garcia-Carranza Benjumea

Mr. Francisco Javier Garcia-Carranza Benjumea serves as Chairman of the Board of the Company. Mr. Javier Garcia-Carranza Benjumea is currently Executive Vice-President of Banco Santander, in overall charge of Restructuring, Holdings, Property, Recovery Strategy and Disposal of Loans and Assets. Before joining Banco Santander in February 2016, he worked at Morgan Stanley in London as Co-Head of the Real Estate investment banking business in EMEA (Europe, Middle East and Africa). At Morgan Stanley, he advised clients on M&A matters and equity and debt financing transactions in excess of $100 billion. The most significant transactions included the IPOs of Fadesa, and Emaar Maals Debt and Equity, the Aldar-Sorouh merger, the acquisition of Gecina by Metrovacesa, the acquisition of Urbis by Reyal, the restructuring and IPO of Inmobiliaria Colonial, and the acquisition of Testa by Merlin Properties, among others. Mr. García-Carranza also has experience in investment business, having made investments for Morgan Stanley Real Estate Funds and the Morgan Stanley Special Situations Fund in the UK, Spain, Italy, France and Germany in excess of $5 billion. Mr. García-Carranza is a member of the Board of Directors of Metrovacesa, S.A., Metrovacesa Suelo y Promoción S.A., Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (Sareb), Altamira Asset Management SA and Altamira Real Estate. Mr. García-Carranza has a degree in business administration from Universidad Carlos III in Madrid.

Ismael Clemente Orrego

Mr. Ismael Clemente Orrego serves as Chief Executive Officer, Vice Chairman of the Board of the Company. He holds a degree in Law and Administration, both from Universidad Pontificia Comillas ICAI - ICADE. Mr. Clemente has over 20 years’ experience as a real estate professional. He has worked at Garrigues, Bankers Trust REIB, DB Real Estate and RREEF, as Managing Director. Mr Clemente has participated in transactions with an aggregate volume of approximately €5.0 billion across all property sectors. These include the sale and leaseback of the Tree Portfolio, the largest real estate transaction executed in Europe in 2009. During his tenure at RREEF, he was responsible for a team managing an asset portfolio of more than €3.0 billion, representing the full range of global funds advised by RREEF. This team also raised seven investment vehicles, representing approximately €500 million of equity on behalf of Spanish private clients and family offices. Mr. Clemente holds superior degrees in Law and in Economics & Business Administration, with a specialisation in Finance, from ICADE (E-3), is a lecturer of the MRE programme at IE Business School and a member of the Spanish Council of the Urban Land Institute (ULI).

Fernando Lacadena Azpeitia

Mr. Fernando Lacadena Azpeitia serves as Financial Director of the Company. Mr. Fernando Lacadena has over 35 years’ experience in the field of financing, very oriented towards the management and performance of the business. In the latter stage of his career, Mr. Lacadena specialized in the financial area in large multinational corporations, with solid experience in designing, negotiating and structuring financing operations. From 2007 to 2014, Mr. Lacadena was CFO of Sacyr Group and he was appointed CEO of Testa Inmuebles en Renta, S.A. in December 2014. Mr. Lacadena previously worked at ACS-Dragados Group for 13 years, holding similar positions. He began his career in the audit company Arthur Andersen, where he worked for 10 years. Mr. Lacadena holds superior degrees in Law and in Economics & Business Administration, with a specialization in Finance, from ICADE (E-3).

Miguel Ollero Barrera

Mr. Miguel Ollero Barrera serves as Chief Operating Officer, Executive Director of the Company. He holds a degree in Law and Business Administration, both from Universidad Pontificia Comillas ICAI - ICADE. Mr. Ollero has over 13 years’ experience as a real estate professional. He has worked at Arthur Andersen, FCC Construcción, Deutsche Bank M&A and RREEF, as Managing Director. During his tenure at RREEF, he led the execution of real estate transactions with an aggregate value of approximately €4.0 billion, ranging from Core to Opportunistic, as well as the subsequent asset management of the resulting portfolios. He also played a key role in the structuring and equity raising of five investment vehicles for the Iberian peninsula and Morocco, in cooperation with the Private Wealth Management Division of Deutsche Bank. Mr. Ollero holds superior degrees in Law and in Economics & Business Administration, with a specialisation in Finance, from ICADE (E-3).

David Brush

Mr. David Michael Brush serves as Chief Investment Officer of the Company. He has over 30 years’ experience as a real estate professional. He started his career at Philadelphia National Bank in 1983 and moved to Bankers Trust (now part of Deutsche Bank) as a Vice President in 1987. During his 20-year tenure at Bankers Trust/Deutsche Bank Real Estate, Mr. Brush founded the Real Estate Opportunistic investing division, where he was a Global Head and CIO of the business for 13 years. During that time, he supervised the completion of over 150 transactions consisting of real estate acquisitions, equity investments, corporate recapitalizations and distressed loan portfolio acquisitions with an enterprise value in excess of $50.0 billion. Most recently, Mr. Brush served as Managing Partner at Brookfield Property Group, responsible for the firm’s real estate investing activities in Europe, where he closed the £500 million acquisition of Gazeley, a pan-European logistics company (2012). Mr. Brush holds a B.A. degree in Economics from the University of Pennsylvania and is a member of several real estate professional organisations.

Francisco Rivas Gonzalez

Mr. Francisco Rivas Gonzalez serves as Director of Business Development of the Company. He has experience as a professional real estate in more than 12 years. He has worked in Baker & McKenzie, GE Capital Real Estate and RREEF, as Vice President, participating in Value Added and investment Opportunity in Spain, Portugal and Morocco with an aggregate value of 4,000 million euros in all type of real estate assets. He holds a degree in Law and Economics and Business Administration, both from Universidad Pontificia Comillas ICAI - ICADE.

Ines Arellano

Ms. Ines Arellano serves as Director of Investor Relations of the Company. She has over 11 years experience as a real estate professional having worked at Morgan Stanley Investment Banking and Real Estate Private Equity as Executive Director. During her tenure at Morgan Stanley Ines has participated in IPOs, M&A and in Value Added and Opportunistic real estate investments in Spain, Portugal, France and Morocco across all property sectors.

Jesus Vicente Asenjo

Mr. Jesus Vicente Asenjo serves as Director of Asset Management of the Company. Mr. Vicente has over 15 years’ experience as a real estate professional. He has worked at Metrovacesa until his merger with Merlin, holding various management positions: Director of Organization, IT and Management Control, UK Country Manager, Head of Residential Development and Land Bank, Head of Rental Portfolio. Previously, he had developed his career in the strategic consulting sector having been a founding partner of Antares Consulting after having gone through Gemini Consulting and Accenture Mr. Vicente holds a superior degree in Economics & Business Administration, with a specialisation in Finance from University of Madrid, Autónoma and Advanced Management Program from IESE, University of Navarra.

Manuel Garcia Casas

Mr. Manuel Garcia Casas serves as Director of Asset Management of the Company. He has over 14 years’ experience as a real estate professional. He has worked at GE Real Estate, taking responsibility over the underwriting, risk management and asset management departments as risk manager of the portfolio, asset manager and responsible for acquisitions underwriting. He was involved in relevant acquisitions such as Landscape, Cortefiel, El Arbol and as Managing Director for Tree Inversiones, being in charge of the day to day management of the rented portfolio to BBVA since 2010. Mr. Garcia Casas holds a superior degree in Business Administration from the University Carlos III.

Luis Lazaro

Mr. Luis Lazaro serves as Director of Asset Management of the Company. Mr. Lázaro has over 16 years’ experience as a real estate professional. He has worked at General Electric, ING Real Estate and RREEF, as Director with financial and management responsibilities. Prior to MERLIN Properties, he was in charge of Core/ Core + real estate investments in Spain and Portugal on behalf of the German Open Ended and Special Funds, managing a portfolio with an aggregate value in excess of €600 million, including shopping centers, office buildings, hotels and logistics warehouses. Mr. Lázaro holds a superior degree in Economics & Business Administration from Universidad Complutense de Madrid and an Executive MBA from IESE Universidad de Navarra.

Miguel Onate Rino

Mr. Miguel Onate Rino serves as Director - Asset Management of the Company. Mr. Oñate has over 19 years’ experience as a real estate professional. He has worked at Arthur Andersen, Garrigues and Grupo Marina, as CEO. During his tenure at Grupo Marina, he was responsible for residential and hospitality developments such as Marina El Rompido, Marina Islantilla (both in Huelva) and Isla Valdecañas (Cáceres). In those projects, he has led the execution of more than 700 residential units, six hotels with 1,300 rooms, three golf courses and two marinas with 400 moorings, with an aggregate investment of more than €400 million. He holds superior degrees in Law and in Economics & Business Administration, with a specialisation in Finance, from ICADE (E-3).

Javier Zarrabeitia

Mr. Javier Zarrabeitia serves as Director of Asset Management of the Company. Mr. Javier Zarrabeitia has over 30 years’ experience as a real estate professional. He held the position of Real Estate Manager in Prima Inmobiliaria. He was responsible for feasibility studies, acquisitions as well as the management and development of different assets of the Company. Mr. Zarrabeitia also was Executive Director at Trema Gestión, Chief Operating Officer at Pierre 1er España and Deputy General Director of Foreign Affairs for Acciona Group, living in Maghreb for 8 years. Mr. Zarrabeitia holds superior degrees in Architecture from ETSAM (School of Architecture of Madrid) and an Executive MBA from IESE Business School.

Monica Eloisa Martin de Vidales Godino

Ms. Monica Eloisa Martin de Vidales Godino serves as Non-Member Secretary of the Company. She has also served as Partner of the law firm Garrigues since 1997 and Co-Director of the commercial Department of the firm from July 2013. Garrigues has been the firm where she has developed her professional career after her time at Arthur Andersen legal advisers and tax and a period between 2001 and 2004 as General Secretariat and of the Board of Telefonica Media, S.A. specializes in commercial law, with more than 25 years of experience, mainly on issues related to commercial contracts in general and corporate law and corporate both of private companies as listed companies. She is member of the Colegio de Abogados of Madrid, holds a degree in Law and a diploma in Business Administration from the Universidad Pontificia de Comillas (ICADE). She is an associate professor at the Universidad Pontificia de Comillas (ICADE) from 2011.

Ildefonso Polo Marmol

Mr. Ildefonso Polo Marmol serves as Vice Secretary (Non-Director) of the Company. Mr. Ildefonso Polo is a partner of Garrigues, where he has developed almost all his career, after a brief previous tenure at EY (where he worked until August 1999). He is specialized in Corporate Law, particularly in the areas of (i) mergers and acquisitions and (ii) commercial contracts. Ildefonso is included in the Best Lawyers directory in the area of Corporate and M&A. Ildefonso Polo is a member of the Bar Association of Madrid, superior degree in Law from the Universidad Complutense and superior degree in Business Administration from the Universidad San Pablo-CEU.

Francisca Ortega Hernandez-Agero

Ms. Francisca Ortega Hernandez-Agero serves as Director of the Company. She began her professional career at Caja Naval de Crédito as head of the Risk and Investment Department. In 1990 she took on the financial management of PBI Gestion Agencia de Valores, a subsidiary of Bearbull Internacional, with responsibility for managing funds of foreign companies in Spain. She joined Banco Central Hispano in 1996 as corporate banking risk manager, before subsequently becoming, as part of Banco Santander, head of the acquisitions finance division and head of the structured finance management and control division. She has been head of the large clients department within the corporate holdings and restructurings division since 2009, taking on sales of corporate single names and projects for conversion of debt into equity 2013. She is currently a director of Metrovacesa S.A., Metrovacesa Patrimonio S.A., Sareb and PBI Gestión Agencia de Valores.

Juan Maria Aguirre Gonzalo

Mr. Juan Maria Aguirre Gonzalo serves as Independent Director of the Company. Mr. Juan María Aguirre Gonzalo has a professional experience in the field of finance, having held positions of responsibility in the Department of Risk, Administration and Planning at Banco de Progreso, S.A. (1985/1988), and later as Financial Director of the finance and leasing entity of Mercedes-Benz (1989/1990). He joined Torreal, S.A. in 1990 as a director and General Manager. During his time at Torreal and before leaving the company in 2005, he was head of financial investment of the Torreal Group and a member of the Board of Directors of Torreal investees. Since 2006, he has been a partner and General Manager of QUANTICA ASESORES, S.A., which provides financial advice to family and institutional groups, and a director of Renta, SOCIMI, S.A. (2015/2015). He has been a director of BBVA Elcano, SRC, CRB Inverbio and Mevion Technology; of various open-ended investment companies (SICAVs), Maltisa, Quantop and Gardama; of EOM Peru, CGU Colombia and Mantbraca Aruba; and of SACYR S.A., where he is also the chairman of the Audit Committee. Lastly, Mr. Juan María Aguirre Gonzalo has a degree in Economic and Business Studies from Universidad Pontificia de Comillas (ICADE), and Master’s Degree in Financial Management from Instituto de Empresa.

Emilio Novela Berlin

Mr. Emilio Novela Berlin Ph.D. serves as Independent Director of the Company. He held various executive positions in over 40 years of professional career, having worked in executive roles as well as being a member of Board of Directors, Management Committees and Advisory Committees. Mr. Novela has served as Deputy General Manager for Banco del Comercio, CFO for Repsol, Director for Banco Central Hispano and CEO for Vallehermoso, a Spanish listed real estate company, from 1999 to 2003. Mr. Emilio Novela has been a board member of, among others, Banco Urquijo, Mercedes Leasing, Cortefiel, Spanair and Union Fenosa. Mr. Emilio Novela holds a Ph.D. degree in Industrial Engineering from the Universidad Politecnica of Madrid.

Pilar Cavero Mestre

Ms. Pilar Cavero Mestre serves as Independent Director of the Company. She has a long professional career as a lawyer. Between 1980 and 1986 she was legal counsel at Asociación de Cajas de Ahorros para Relaciones Laborales. From 1986 to 1990 she worked as a labor lawyer at international law firm Fabregat y Bermejo, generating business for the firm as a whole. In 1990 she joined Cuatrecasas as founding partner and director of the labor practice, and co-founding partner of Cuatrecasas Madrid. Between 1999 and 2008 she was a member of the Board of Directors of Cuatrecasas and of the firms’ different organizational and management committees. She holds a degree in Law from Universidad Complutense de Madrid.

Ana Garcia Fau

Ms. Ana Maria Garcia Fau serves as Independent Director of the Company. Ms. Ana García Fau has worked over the last 20 years at McKinsey & Company, Goldman Sachs, Wolff Olins, Telefónica Group and hibü (formerly Yell Group). Throughout her professional career in Telefónica Group, she held several positions at TPI-Páginas Amarillas, such as CFO and Managing Director of Corporate Development. At the same time, she was member of the Board of Directors of Publiguías-Chile, TPI Peru, TPI Internacional, Telinver-Argentina and Adquira, among others. In Yell-hibu, she served as CEO for Spain and Latin America for 7 years, as a member of its International Executive Committee and as International Chief Strategy and Business Development Officer. Member of the Board of Directors of Eutelsat Communications S.A. Ms. Ana García Fau holds superior degrees in Law and in Economics & Business Administration from ICADE and an MBA in Business Administration from MIT Sloan School of Management.

John Gomez Hall

Mr. John Gomez Hall serves as Independent Director of the Company. He has over 48 years of experience in the Spanish real estate market, holding management positions in several of the main real estate companies in Spain. Mr. Gomez-Hall has formerly been CEO for Hines Spain, the Spanish subsidiary of Hines. Prior to that, Mr. Gomez-Hall was the founder and CEO of Prima Inmobiliaria, a public real estate company listed in 1998. The company developed and acquired above 300, 000 sqm GLA across different asset categories, predominantly office. The company was sold to Vallehermoso in 2001 and was renamed Testa Inmuebles en Renta, S.A. He holds a degree in Architecture from London Metropolitan University.

George Johnston

Mr. George Donald Johnston serves as Independent Director of the Company. Mr. Donald Johnston was CEO of the European Mergers and Acquisitions Group at Deutsche Bank from 1999 to 2005 and Chairman from 2005 to 2010. Member of the European Management Committee and Global Banking Operating Committee for Deutsche Bank’s Global Corporate Finance Division. He joined Deutsche Bank on the acquisition of Bankers Trust in 1999. He was a board member at Bankers Trust International and a member of the Global Management Committee. He joined Bankers Trust as head of European M&A in 1992 and subsequently became co-head of Investment Banking in Europe while continuing to run BT Wolfensohn. He worked for Salomon Brothers for 11 years where he was head of the investment banking division for Spain, Austria, Italy and Portugal. Member of the Board of Directors of Acerinox. Mr. Johnston holds a B.A. degree in Political Science and Spanish from the Middlebury College and a M.A. degree in International Economics and Latin American Studies from The Johns Hopkins University School in Advanced International Studies.

Maria Luisa Jorda Castro

Ms. Maria Luisa Jorda Castro serves as Independent Director of the Company. Ms. María Luisa Jordá has held various executive positions during her 30 years of professional career as a member of different Management, Investment and Audit Committees. She worked as Chief Economic and Financial Officer of the Deoleo Group until February 2015. She served as Chief of Internal auditing and Corporate Governance of SOS Corporación Alimentaria (currently Deoleo, SA), Chief Financial and Economic Officer at Metrovacesa, Finance and Investment Director of Corporación Empresarial ONCE, Economic and Financial Director of Grupo Alimentos y Aceites, S.A., Economic and Financial Director of Testa (formerly Prima Inmobiliaria) and Grupo Ayco (formerly Inmobiliaria Alcázar). She has a bachelor in Business Administration from Complutense University in Madrid and she is a member of the Official Register of Auditors (ROAC). Member of the Board of Directors of Jazztel. Ms. María Luisa Jordá holds superior degrees in Business Administration, and a master in Business Administration from the IE. She is member of both the Official Register of Auditors (ROAC) and the Institute of Directors and Managers (ICA).

Fernando Javier Ortiz Vaamonde

Mr. Fernando Javier Ortiz Vaamonde serves as Independent Director of the Company. He is founder and Managing Partner at ProA Capital de Inversiones, SGECR, S.A., one of the largest private equity firms in Spain with over €300 million under management. He was a Partner at N+1 and was a member of the Executive Committee. Over the course of his tenure in N+1, which he joined in 2001, his primary responsibility was transaction origination, execution and the monitoring of portfolio company investments through to divestment. Mr. Fernando Ortiz had prior private equity and venture capital experience as a Director of Private Equity New Technologies at BBVA. Prior to BBVA, he was a Corporate Finance Director at ING Barings. Mr. Fernando Ortiz started his professional career at Arthur Andersen Legal and Tax Advisors, currently Garrigues, where he dedicated five years principally in tax and legal advisory work. He holds a degree in Law from Universidad Pontificia Comillas ICAI - ICADE.

Fernando Ramirez Baeza

Mr. Fernando Ramirez Baeza serves as IR Contact Officer of the Company. He has experience as a real estate professional. He has worked at KPMG, Ahorro Corporación Desarrollo, and RREEF as Vicepresident. During his tenure at RREEF, he has participated in a variety of transactions, such as the private placement and sale of the Hotel Arts complex in Barcelona, the repositioning of Penha Longa in Lisbon, and the investment in, public tender offer over, restructuring and sale to ING Real Estate of the Spanish listed shopping centre operator Filo, S.A.