Borstein has spent a decade at the bank and led its $30 billion real estate financing operation for the past five years. He was also named the head of global financing and credit trading for the Americas last year, according to Commercial Observer.
In his new role, Borstein will help expand Oak Hill Advisors’ real estate investment activities, deploying capital for loans, securities and hard assets, according to the firm’s announcement.
Borstein’s position as the global head of commercial real estate will be filled by Dino Paparelli, who has led the bank’s commercial real estate business in Europe. Riddhi Barman will take Borstein’s role as the head of global financing and credit trading for the Americas, according to Commercial Observer, citing an internal memo circulated by the bank.
[CO] —Akiko Matsuda