Allianz Real Estate has appointed Alexander Gebauer to the post of CEO of the newly-formed West Europe region, effective 1 October.
Gebauer, who joined Allianz RE in 2009, will be based in the company's Paris office. His new role will bring together Allianz’s real estate activities in France, the Netherlands, Belgium, Luxembourg, Spain and Portugal. The West Europe region encompasses just over €12 bn of Allianz' assets under management, or around 24% of the total portfolio.
He will continue to be a member of the Allianz Real Estate board and executive committee but will relinquish his responsibilities as COO/CFO.
To deepen market coverage across the West Europe region, Allianz RE has also appointed dedicated country leaders who will have responsibility for the front-end of the business and become the day-to-day face in their markets. Reporting to Gebauer, Sebastien Chemouny, currently head of asset management, is being promoted to the role of head of France and Miguel Torres will continue in the position for Iberia.
Deputy COO Andreas Steimel and Deputy CFO Holger Braun will be promoted to COO and CFO respectively and will become members of Allianz Real Estate’s global executive committee.
'2017 has been an exciting year for Allianz Real Estate: our AUM reached €52 bn at the end of June and we are in the process of exceeding our investment and financing target for 2017 of €6 bn,' commented Francois Trausch, CEO of Allianz Real Estate. 'The year has also delivered further diversification for the business with a deepening footprint in Asia through co-investments and our award winning European Debt franchise reached €6 bn earlier this month.'
