Nordic property investor BPT Asset Management has appointed Michael Schönach as new CEO to the group.

Nordic property investor BPT Asset Management has appointed Michael Schönach as new CEO to the group.

Schönach has extensive international real estate and banking experience from former positions at among others Citycon, Catella Group, Deutsche Bank, and JP Morgan. Furthermore, he has extensive international transaction experience from Northern Europe and Germany in particular with an emphasis on the Nordic retail segment and Nordic retailers.

Schönach replaces Mikael Hyttel Runegaard Thomsen who has been heading the BPT group for the past four years through a period of consolidation and the merger with Evli Property Investments. Runegaard Thomsen will continue as special project director with an emphasis on activities in the Danish market.

BPT is an international real estate asset manager specialising in Northern and Eastern Europe with EUR 1.2 bn in assets under management