Swiss private equity investor Corestate has announced the appointment of Phillip Burns as CEO. Burns, who was formerly a financial managing director at Terra Firma Capital Partners will join in mid-February and primarily will be based at Corestate's headquarters in Zug. He will, however, split his time between each of Corestate's partner offices in London, Frankfurt and Luxembourg.
Swiss private equity investor Corestate has announced the appointment of Phillip Burns as CEO. Burns, who was formerly a financial managing director at Terra Firma Capital Partners will join in mid-February and primarily will be based at Corestate's headquarters in Zug. He will, however, split his time between each of Corestate's partner offices in London, Frankfurt and Luxembourg.
He joined Terra Firma in 2002 at the time of its spin-out from Nomura, the Japanese investment bank. During his time at the firm he was involved with several transactions in multiple industry sectors, including waste and infrastructure, real estate, credit and, in particular, German residential real estate. Burns also oversaw the management of Terra Firma's German office which is based in Frankfurt.
'Phillip joins the team at an exciting time in the company's development and will oversee the next stage in its growth, building on its business model, ethos and strategy to deliver value to all of Corestate's investors and stakeholders,' said Ralph Winter, founder of Corestate.
Founded in 2006 by Ralph Winter, Corestate has since invested more than EUR 2 bn in the German real estate market.
Separately, Gagfah has announced the appointment of Steve Charlton as the group's Chief Financial Officer and a member of the management board while European fund manager and investor Activum has announced the appointment of Richard Wartenberg as partner with responsibility for acquisitions and asset management strategies.
