Munich-based pbb Deutsche Pfandbriefbank said on Wednesday it is reorganising its origination department by giving overall responsibility for international and cross-border investors to a central team in the London office.
Munich-based pbb Deutsche Pfandbriefbank said on Wednesday it is reorganising its origination department by giving overall responsibility for international and cross-border investors to a central team in the London office.
The acquisition and support of individual business deals will continue to be managed by the local offices. The British market will continue to be managed from London, as will the region of Central and Eastern Europe (CEE), which is often a focus for international investors.
A second international origination team will concentrate primarily on international customers with a local or more regional focus on the markets in France, Spain and Scandinavia. Origination in Germany will continue to be carried out by an independent team.
From June 2012, Charles Balch will take on responsibility for cross-border business, for the UK and for CEE. In the past, Balch has held a number of management functions within European Real Estate Origination at the bank and is currently Chief Credit Officer for the strategic Portfolio at pbb Deutsche Pfandbriefbank.
In addition, the current head of Real Estate Finance Germany, Reinhold Günter, will leave pbb Deutsche Pfandbriefbank in April 2012, after over 30 years at the company. He will be replaced by Gehard Meitinger, who has been responsible for business with international customers and institutional customers in Germany since January 2005.
