First Capital Real Estate Trust, a publicly registered non-traded real estate investment trust, has appointed Manny Foutoulis as treasurer and Richard Klee as chief operating officer.
Foutoulis replaces Suneet Singal, who will continue to serve as the company’s chief executive officer, secretary, and chairman of the board.
Prior to joining First Capital, Foutoulis served as the treasury manager at Paramount Group Inc., and before that, he spent nearly 10 years as the assistant treasury manager at American International Group Inc. (AIG). He holds a bachelor’s degree in finance from The College of Staten Island and an MBA in corporate finance from Adelphi University.
Prior to his role as COO, Klee was the global treasurer at Ness Technologies Inc. from May 2018 to October 2018. He previously served as the director global treasury at Scholastic Corporation and as the assistant treasurer at W.P. Carey Inc. (NYSE: WPC). Klee is a certified treasury professional and holds a bachelor’s degree in accounting from Queens College.
Last month, First Capital Real Estate Trust appointed Jeffrey Zomback as its new chief financial officer, as reported by The DI Wire. Zomback previously headed the treasury department at Paramount Group Inc. He has served as an executive director and treasurer of W. P. Carey and as the director of treasury operations at American International Group, where he worked in various capacities for 20 years.
First Capital Real Estate Trust has not filed its quarterly or year-end financials with the SEC since August 2015.