The pair, who both previously held the position of managing director, will expand their roles and take on responsibility for enhancing Madison’s market relationships.
Flaherty has been with the company for over 13 years, working across Madison's platform, including the global portfolio, and most recently as head of U.S investment. Prior to this, he worked at Deutsche Bank, where he analysed real estate private equity investments.
Jacobson joined Madison in 2004 and has been responsible for overseeing the company’s European activities. He has also worked across Madison’s other non-U.S markets on all aspects of financial analysis.
Previously he worked for Taurus Investment Holdings as a financial analyst.
Ronald Dickerman, founder and president of Madison, said: “I am delighted by the recognition we are affording these two talented executives. They each have spent over a decade with Madison and are keepers of the key measures of our strategy that deliver consistent and differentiated returns in the prime property sector and allow us to serve additive roles with our institutional partners.”