Promotions at Madison

Madison International Realty has named managing directors Carey Flaherty and Derek Jacobson as co-chief investment officers. Flaherty joined the company in 2003 and has held a number of positions, including oversight of Madison’s global portfolio, asset management and US investments. Before Madison, Flaherty was part of the real estate investment banking group at Deutsche Bank, where he analysed real estate private equity investments and structured debt products for the firm’s managed investment funds and third-party clients. Jacobson, a former financial analyst in the acquisitions and underwriting group at Taurus Investment Holdings, joined Madison in 2004. As managing director, he oversaw European investment activity and was responsible for origination, underwriting and execution of transactions for the company’s managed funds. Ronald Dickerman, founder and president of Madison, said: “I am delighted by the recognition we are affording these two talented executives. They each have spent over a decade with Madison and are keepers of the key measures of our strategy that deliver consistent and differentiated returns in the prime property sector and allow us to serve additive roles with our institutional partners.” • To send feedback, e-mail karl.tomusk@estatesgazette.com or tweet @ktomusk or @estatesgazette