Deutsche Investment's main shareholder and supervisory board chairman, Enver Büyükarslan, is to take a more hands-on role at the German fund manager, assuming the role of chief operating officer from 1 September.
Büyükarslan will resign from his position as chairman of the supervisory board and assume operational responsibility for business development, distribution, acquisitions and sales, as well as property development.
Büyükarslan has been the main shareholder of Deutsche Investment since 2016, and has been closely involved in driving the business performance of the AIF management company.
'Taking personal care of our investors and the continuous development of our product line-up have priority for Deutsche Investment,' said Büyükarslan. 'It is only through our direct connections to the market that we succeeded over the past years to expand the regional and sectoral competencies in the best interest of our investors. The successful expansion of our investment spectrum with our recent entry into the food retail asset class, which meets with great interest among investors, is just one case in point.'
Büyükarslan will be succeeded as supervisory board chairman by Klaus-Jürgen Scherr, who has been a member of the supervisory body since 2018. He has served as chairman on the supervisory boards of several savings banks in Thuringia and Bavaria since 1991. Meanwhile, two new members have been appointed to the supervisory board: Hermann Stapenhorst, who will serve as deputy chairman, and Thomas Reich. Stapenhorst (MRICS) is a lawyer and notary by profession, while Reich is a full-time notary public in Bavaria.
'Deutsche Investment is a dynamically growing company that has undergone an impressive evolution in recent years,' commented Scherr. 'Together with my new fellow board members, I bring long-term experience to the supervisory board for the purpose of advising Deutsche Investment and to support the company in its business objectives in the best interest of its investors.'
