Our People

With 30 years of commercial real estate investment experience, Paul is the CEO of Blue Noble and has overall responsibility for the strategy and evolution of the business, along with investor relationships.

As former Managing Director and Global Head of Real Estate Fund Management at HSBC Private Bank and then HSBC Global Asset Management, and having held senior roles at Kaupthing Investment Bank and CBRE, Paul has significant experience in allocating and managing both private and institutional capital in different indirect and direct investment structures. Paul has chaired numerous investment committees and, throughout his career and has been responsible for the flow of over $5bn of private client capital across real estate sectors in Europe, the US and APAC.

His personal and discrete approach to capital relationships, intrinsic understanding of investor requirements and general approach to risk management has resulted in Paul being the favoured real estate advisor to many family offices, multi-family offices and private banks across the globe.

Paul is a member of the RICS.

Toby Evans leads Blue Noble’s investment function, overseeing the origination, underwriting and execution of all new investments, across both equity and structured finance. He is responsible for ensuring investor requirements are met through deliberate and strategic deal originations as well as for driving performance through the active asset management of each investment.

Before Blue Noble, Toby was a Director within the Real Estate Fund Management team at HSBC Private Bank where was responsible for sourcing, executing and managing bespoke real estate Club Deals and Segregated Mandates on behalf of the private clients of the bank across the UK, Europe and the US.

Toby is well known in the industry for his logical, detailed and ‘client-first’ approach to analysis and underwriting and boasts a track record of having invested over $2.5bn across a range of different asset classes over the past 15 years.

Toby is a member of the RICS.

Harry leads on overall business organisation, compliance and fund structuring. As well as being a voting member of the Blue Noble investment committee, Harry has over-sight of the Blue Noble investment structures while managing all third party service providers.

Prior to founding Blue Noble, Harry was a Director within the Real Estate Fund Management team at HSBC Private Bank and worked closely with Paul in the generation of strategy and implementation of new investment products; in addition he co-ordinated the real estate investment programme for HSBC Private Bank across all global distribution centres.

With over 25 years of real estate investment management experience, Harry’s knowledge of the capital raising and fund establishment ensures a seamless transition from investment approval to close.

Harry is a member of the RICS.

Will is responsible for business development at Blue Noble, as well as leading wider business initiatives including marketing and product development. He plays a key role in shaping and evolving the firm’s investment strategies and product offering, ensuring alignment with market conditions and capital requirements. As a voting member of the Investment Committee, Will is actively involved in evaluating and structuring new opportunities.

Will was an integral part of the Real Estate Fund Management team at HSBC Private Bank, specifically working on the origination, analysis and execution of compelling global real estate opportunities, either as part of Segregated Mandates or Club Deals.

Having grown up in Asia (Hong Kong, Singapore and Manila) and subsequently lived and worked in London, Paris and now Abu Dhabi, Will has developed a broad global network. He is renowned for his client care and international relationships, spending considerable time travelling throughout the Middle East, Asia and the US to meet with new and existing contacts.

Will is a member of the RICS.

Raj leads on Asset Management and is responsible for the generation, oversight and implementation of all investment business plans across the real estate life cycle, both for separate account and joint venture investments.

Raj joined from Hines, where he was Managing Director of the Asset Management business for both Hines UK and Ireland. During his tenure, he helped oversee the growth of assets under management from £2 billion to £9 billion, while maintaining strategic responsibility for business plans across the portfolio. He successfully delivered complex lease restructures and surrenders across Hines’ commercial assets, led major capital expenditure projects across multiple asset classes, and served as Chair of the Hines European Asset Management Leadership Group, driving collaboration and operational efficiency across regional teams.

Raj is a member of the RICS.

Working closely with Toby, Dan is responsible for sourcing, underwriting and structuring new investment opportunities, both direct investments and joint ventures. In addition, Dan leads on the production of all bespoke financial models, for both equity and structured finance opportunities, as well as investment memoranda both for internal investment committees as well as external client presentations.

Prior to joining Blue Noble, Dan was an Associate in the Real Estate Private Equity team at AIG Global Real Estate where he was responsible for underwriting, structuring and executing new investments within the value-add living and industrial sectors across Europe.

As a fluent French and Spanish speaker, and having transacted in 12 different European countries to date, Dan enjoys building multinational relationships with Joint Venture partners and watching shared goals come to fruition.

Dan is a member of the RICS.

Aarun has over 10 years experience in the real estate sector. Aarun oversees the financial operations of the LLP while providing operational oversight to third-party fund administrators across a diverse portfolio of real estate investment vehicles. With significant experience in fund accounting, financial reporting, cash management, budgeting, and regulatory compliance, Aarun ensures robust controls, timely and accurate fund reporting, and high-quality governance across all structures.

Before joining Blue Noble, Aarun worked for Savills Investment Management, where he was responsible for finance on UK Living and European Logistics strategies. His role, based out of London and latterly Singapore, covered all finance matters including transaction structuring, debt financing and financial control. Within his decade of real estate finance experience he has also spent time at Tritax Group and was involved in over £1bn of real estate transactions.

Aarun began his career at BDO and is a member of the ICAEW.