Globalworth, an office investor in Central and Eastern Europe (CEE), has appointed Dennis Selinas as the new CEO of the group.
Selinas joins the company as an executive director with effect from 21 November, and will take over as CEO of Globalworth from 1 January 2023.
The board of the company has agreed with current CEO Dimitris Raptis that he will step down from his role as CEO and as a member of the board as of 31 December, although he will continue to support Globalworth in an advisory role.
Raptis joined the Globalworth board as deputy CEO and chief investment officer ahead of its IPO on the AIM in 2013, later becoming CEO during 2020.
With nearly 20 years of real estate experience in CEE, Selinas currently heads the real estate portfolio of Argo Capital Management, an AIM-listed fund management company, which consists of €500 mln of retail assets across South East Europe.
Martin Bartyzal, Globalworth chairman, said: 'On behalf of the board, I'd like to place on record our thanks and appreciation to Dimitris for his drive and dedication over the last ten years.
'I would like to welcome Dennis to his new role with Globalworth. Dennis’ extensive background in CEE property and finance is the right fit for the company and will be vital for strengthening its dominance in the office market.'
Added Selinas: 'I plan to embrace the company’s vision of continuously upgrading its assets, its operational excellence and enhancing the competitive advantages that make it the preferred landlord in Romania and Poland.
'In a rapidly shifting external macroeconomic and geopolitical environment, we plan to deliver a well-crafted strategy with the support of an insightful team that has been instrumental to Globalworth’s evolution to its current prominent market position.'
Selinas started his career trading fixed-income derivatives at the Bank of Montreal and moved to M&A with Lazard London after graduating from London Business School.
He has held senior positions at Charlemagne Capital and Argo Capital Management and has been involved in all aspects of property, including acquisition, development, portfolio disposals, financing, asset management and restructuring in the retail, office, and residential sectors.
