Commercial real estate exchange platform Cloudscraper has announced the appointment of Kai Presser as new head of Germany and CEE countries.

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With over 20 years’ experience in capital markets and structured finance, Presser will be operating from Cloudscraper's newly established Frankfurt office.

Before joining Cloudscraper, he held senior management positions at Bloomberg, Societe Generale, BNP Paribas, Royal Bank of Canada and Sal. Oppenheim.

Cloudscraper's Chief Operating Officer Eran Baram said: 'After over three years developing the technology, the company is ready for global roll-out – now is the time to leverage the platform technology so participants stay relevant in an industry undergoing unstoppable dynamic change.'