LONDON, Sept. 15, 2017 /PRNewswire/ -- Situs, the premier global provider of strategic business solutions for the finance and real estate industries, announced today that its wholly owned subsidiary, Situs RERC, has hired Jamie Molloy as Managing Director.
Based in New York City, Mr. Molloy will be responsible for further developing our suite of solutions to address the evolving needs of the industry, while expanding the effective reach of Situs RERC, and will report to Ken Riggs, Situs RERC's President.
"Situs RERC has greatly expanded its global footprint over the past three years and Jamie Molloy's experience will be extremely valuable in our continuous effort to remain a premiere service provider to a global audience," said Riggs.
Mr. Molloy joins Situs from Deutsche Bank where he has spent the past 10 years as Global Head of Real Estate Valuation, directing a team of real property valuation professionals in New York, London, Frankfurt, Mumbai, Hong Kong and Tokyo. Prior to that, Jamie spent five years as International Head of Real Estate Valuation overseeing all non-US valuation activities and offices. Mr. Molloy's team practiced in over 30 countries and developed market-specific valuation due diligence platforms in Germany, Italy, Spain, Japan, Korea and Taiwan. The group supported Deutsche Bank's top-tier CMBS large loan and conduit origination platforms, the special situations group, covered bond origination, multiple warehouse lending groups, LIHTC and tax-advantaged origination platforms, real estate investment banking, structured finance and asset wealth management.
Mr. Molloy is a member of the Appraisal Institute (MAI), a Fellow with the Royal Institute of Chartered Surveyors (FRICS), a Counselor of Real Estate (CRE), a New York State Licensed and Certified General Real Estate Appraiser and member of the Risk Management Association. Mr. Molloy is on the board of the New York Metropolitan Chapter of the Appraisal Institute and has presented at multiple industry conferences and corporate functions.
Situs is the pre-eminent advisor to clients to evaluate, optimize, and manage commercial and residential real estate and related assets. Since 1985, Situs has set the standard for service, quality and execution. Situs has offices across the US and Europe and has been involved in more than $1 trillion of real estate debt and equity deals. A rated servicer with Moody's, Fitch and Morningstar, Situs has more than $165 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2016, Situs received a second consecutive "Advisor of the Year" award by Real Estate Finance & Investment magazine, and the "Capital Advisor Firm of the Year" award by Property Investor Europe.
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