The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Simon Cooke

Property consultant

cooke.jpg

When Simon Cooke's wife died of cancer a few years ago he realized something would have to give. His role as chief executive of Deutsche Property Asset Management was demanding and he didn't have enough time for his two young children.

In an attempt to achieve more flexibility Cooke initially tried to convince Deutsche Asset Management to allow him to restructure the property business as a separate boutique. Senior management would take a 50% cut of the profit in an attempt to improve the performance of DePAM by linking managers' goals to fund performance. But DeAM turned him down.

"I launched the business in 1990 and increased it to just over £1 billion of assets under management," says Cooke. "We had delivered a profit every year since it was launched and the business was unblemished." He believes that DeAM was more interested in increasing the size of assets under management than improving performance. "There's no hope for such organizations because anyone with talent or ability would walk out," he adds.

Cooke left DePAM in May and is using his property expertise to act as a consultant. He spends up to two days a week at Hotbed, a private-equity network he joined in June as head of property.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree