Multi Corporation, the developer owned by Morgan Stanley Real Estate Funds (MSREF) has appointed Glenn Aaronson as chief executive officer to replace Arnold De Haan.

Aaronson will join in June from Morgan Stanley Real Estate where he is managing director and head of investing for Holland and Germany.

He will be responsible for day to day operations in 20 countries and will report to Hans van Veggel, chairman of the Board.

Aaronson, 50, has been with MSREF for 11 years and worked as co-head of real estate asset management activities for Morgan Stanley Real Estate’s MSREF and Special

Situation Fund III investment funds.

Previously he worked at Credit Suisse First Boston.

Veggel said: ‘We have, over the past two years, worked very closely with Glenn in his capacity as board member and asset manager and are confident that his deep knowledge of the Company will serve it and all its stakeholders well going forward.’

De Haan stepped down as chief executive officer of Multi Corporation in March. De Haan previously worked at CGI.

Last year Dutch developer AM sold its development arm to Morgan Stanley Real Estate Funds (MSREF) in a EUR479m (£322m) deal and was renamed Multi.