24 Sep 2020

We are delighted to announce the new appointment to the AREF Management Committee, Emma Cullen, Chief Operating Officer, of Fiera Real Estate UK.  She replaces Adrian Benedict as Chair of the Corporate Governance Committee, after Adrian took up the role of Chair of the AREF Board. 

Emma has been a member of the CGC for some time and was unanimously elected by her fellow members.  Her legal and operational background is perfect for this particular Committee.

Emma Cullen, Chief Operating Officer, of Fiera Real Estate UK, said, "I am thrilled to have been voted Chair of the AREF Corporate Governance Committee and look forward to candid and topical discussion and debate both within that Committee, and at the AREF Management Committee. This is an important time to be part of AREF's continued progression as it broadens its capacity to support the Fund Industry through its Partnership with the IA and directional leadership."

Emma Cullen

Emma Cullen

Chief Operating Officer, UK, Fiera Real Estate

Emma is the Chair of the AREF Corporate Governance Committee. She joined Fiera Real Estate, UK in 2007 and was appointed General Counsel before broadening her role to run the operational side of the business. Emma’s remit includes oversight of regulation, risk and legal alongside the firm’s digital transformation and integration of ESG across investment and business process.  Prior to Fiera Real Estate, Emma qualified as a lawyer specialising in real estate investment management at the City firm, Frere Cholmeley Bischoff before moving to the niche real estate practice, Forsters LLP.  

Emma was a member of the AREF Corporate Governance Committee for several years before taking the role of Chair in September 2020 and joining the AREF Management Committee.




Paul Richards

Paul Richards

Managing Director, AREF

Paul is the Managing Director of AREF.

Before joining AREF, Paul was Head of the European Real Estate Boutique within Mercer’s investment consulting business for almost 10 years, previously he was Head of Indirect Real Estate Investment and Global Managed Accounts at LaSalle Investment Management, where he was responsible for managing global portfolios of unlisted real estate funds for clients from Europe and Asia Pacific.

He has over 25 years of real estate experience in investment, corporate finance and research, and has advised investors, occupiers and venture capital companies on property portfolio strategy and on financial structuring, including PFI, senior and mezzanine debt and joint venture arrangements. His employers have included LaSalle Investment Management, Cushman & Wakefield and Henderson Investors.

Before coming into the world of real estate, Paul worked in marketing and market research. He originally studied Physiological Sciences at Lincoln College, Oxford and has a Master of Science in Real Estate from City University Business School, London, now Cass Business School.