GLOBAL - PricewaterhouseCoopers has named Marc Saluzzi as the new global head of its investment management and real estate group.

He replaces Simon Jeffreys, who left in early October to join Fidelity International as chief administrative officer.

Based in Luxembourg, Saluzzi will be responsible for the leadership of PWC assurance, advisory and tax services to the IMRE industry.

He will continue to be "actively involved with a number of PricewaterhouseCoopers' clients," a press release stated.

"I am delighted to be taking on this role. I look forward to developing our business, overcoming and identifying both current and future market challenges and helping our clients to recognise and take advantage of the many opportunities, both existing and emerging, in the IMRE arena," Saluzzi said.