KGAL has announced the departure of CEO Carsten Eckert. Eckert, aged 47, took over the reins of KGLA's management team in 2007 and has since focused on realigning the group as a 'real capital asset manager' while improving production and risk management processes.
KGAL has announced the departure of CEO Carsten Eckert. Eckert, aged 47, took over the reins of KGLA's management team in 2007 and has since focused on realigning the group as a 'real capital asset manager' while improving production and risk management processes.
He will be replaced by Georg Reul who is taking over as CEO from August 2012.
Reul (45) has extensive experience in managing companies in the real estate and funds sector. He worked at IVG Immobilien from 1996 to 2010, where he was responsible for establishing and expanding funds business for private and institutional investors.
From 2010 to June 2012, Reul was CEO of Frankonia Eurobau, which focuses on development in partnership with German insurers.
KGAL, an investment company owned by Commerzbank, BayernLB, HASPA Finanzholding and Sal. Oppenheim, is active in real estate, aircraft, infrastructure, ships and private equity.
