Jürgen Fenk, the former head of real estate at German bank Helaba, is to join Austria’s Signa as joint CEO.
Fenk left Helaba this week and is taking up his new role on 1 October, based in Berlin.
With extensive experience in banking, capital markets and property, he will focus on sourcing capital for the private property company, Austria’s largest developer, which owns a €7.5 bn mainly retail and hotel portfolio.
In addition, he will be responsible for establishing a new proptech business unit for Signa Group.
Signa is also a retailing company with an extensive European network both via 125 stores and online and also has 70 webshops. Signa Retail Group has turnover of approximately €3.8 bn.
Fenk said: 'After 25 years in the banking sector, I’m pleased that I can draw on my institutional experience, property sector expertise and strong network at a privately managed, entrepreneurial and highly successful real estate industry group, as well as developing new lines of business with my colleagues.'
Signa’s founder, René Benko, said he was pleased that Fenk will be focusing on the group’s strategic development in banking and capital markets. Fenk will work alongside co-CEO Christoph Stadlhuber and the rest of the board.
Fenk’s successor at Helaba is Christian Schmid, the former head of business and syndication management at Aareal Bank.
