Starwood Capital Appoints Andrew Sossen Senior Managing Director, Chief Operating Officer
Rhea-AI Summary
Starwood Capital Group, a global private investment firm focused on real estate, has announced the appointment of Andrew J. Sossen as Senior Managing Director and Chief Operating Officer, effective September 2024. Sossen, who previously worked at Starwood for 14 years, will rejoin the firm as a member of the executive committee, overseeing day-to-day operations and reporting directly to Barry Sternlicht, Starwood Capital's Chairman and CEO.
Sossen's extensive experience includes serving as COO of Starwood Property Trust (NYSE: STWD) and holding various executive positions within the Starwood family. His background also encompasses roles at KKR & Co.'s asset management business and Simpson Thacher & Bartlett LLP. Sternlicht expressed confidence in Sossen's ability to integrate seamlessly, citing his familiarity with the team, culture, and company objectives.
Positive
- Appointment of experienced executive Andrew Sossen as COO
- Sossen's prior 14-year tenure with Starwood ensures familiarity with company operations
- Addition of Sossen to the executive committee strengthens leadership team
Negative
- None.
News Market Reaction
On the day this news was published, STWD gained 1.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"I am delighted to welcome Andrew back to the Starwood family in this important role," said Barry Sternlicht, Chairman and CEO of Starwood Capital. "Andrew is a known executive who, after 14 years with us in a similar role in Starwood Property Trust, now moves to fill this role in its parent, Starwood Capital Group. Andrew can hit the ground running. He knows our team, our culture, and our desire to excel in all our endeavors."
Since his departure in 2023, Mr. Sossen worked for a vertically integrated private equity firm focused on
Prior to that, Mr. Sossen spent close to 14 years at Starwood Capital, including serving as Starwood Property Trust's (NYSE: STWD) Chief Operating Officer since July 2011 and its General Counsel, Chief Compliance Officer and Executive Vice President since January 2010. Prior to joining Starwood Capital, Mr. Sossen served as the General Counsel of KKR & Co.'s asset management business and KKR Financial Holdings LLC, a publicly traded specialty finance company, where he was a member of senior management and involved in the policy and strategic decision-making, as well as day-to-day operations of the businesses. Mr. Sossen previously served as a trustee of Starwood Waypoint Residential Trust, a publicly traded REIT that is a predecessor company of Invitation Homes ("SWAY"). Mr. Sossen's career began at Simpson Thacher & Bartlett LLP, where he was a member of the firm's corporate department, specializing in capital markets and mergers and acquisitions. Mr. Sossen received both a Juris Doctor degree and a Bachelor of Arts degree from the University of
About Starwood Capital Group
Starwood Capital Group is a private investment firm with a core focus on global real estate. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have 5,000+ employees. Since its inception in 1991, Starwood Capital Group has raised over
Media Contact
Tom Johnson / Dan Scorpio
H/Advisors Abernathy
(212) 371-5999
tom.johnson@h-advisors.global / dan.scorpio@h-advisors.global
View original content to download multimedia:https://www.prnewswire.com/news-releases/starwood-capital-appoints-andrew-sossen-senior-managing-director-chief-operating-officer-302221135.html
SOURCE Starwood Capital Group
FAQ
When will Andrew Sossen join Starwood Capital as COO?
What was Andrew Sossen's previous role at Starwood Property Trust (STWD)?
Who will Andrew Sossen report to at Starwood Capital?
What are Andrew Sossen's main responsibilities in his new role at Starwood Capital?
