Asteco makes seven associate director promotions

UAE-based Asteco has promoted seven staff members to newly created associate director positions

Asteco has promoted seven of its staff members to newly created associate director positions.
Asteco has promoted seven of its staff members to newly created associate director positions.

Asteco has promoted seven of its staff members to newly created associate director positions.

The UAE-based real estate services firm has also launched the Asteco Academy, which will be used as a training and development facility for brand franchisees.

The promotions and facility launch have been carried out as part of the company’s ‘people first’ initiative, which is designed to recognise the importance of employees and to grow its franchisee network.

John Stevens, managing director of Asteco, commented: “These are testing times, not only for the real estate sector, but for businesses in general.

“While we are seeing an increasing number of lay-offs and company restructuring in response to the bottoming out of the market and current economic challenges, Asteco believes that this is exactly the time when we need to invest in our greatest asset: our people.”

Asteco’s latest associate director appointments include: Tamer Chaaban from its property management department; Anne Marie Shein and Morgan Dalton from its asset management department; James Joughin from valuations; Julia Knibbs from research and consultancy; Melnora Francisco Burayag from finance; and Nick White from owners association management services.

All seven of the new associate directors have been given greater autonomy with regards to budgets, and will act as figureheads within their respective departments, according to Asteco. The promoted individuals will report to the firm’s board.

“With close to a cumulative century of industry experience both here and internationally, the team is truly at the vanguard of Asteco’s strategic development, and this confidence and acknowledgement of these individuals’ professional skills is essential to our ability to plan for the future and maintain our position as the Middle East’s largest real estate consultancy practice,” said Stevens.

“The route to associate director has now been clearly defined, and we can see the motivation that this has given other colleagues in the company who didn’t meet the requirements to be considered for an associate this year, but are working to ensure that they achieve [them] during the next review process,” he concluded.

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