Global investment manager Patrizia has appointed Asoka Wöhrmann as new CEO designate, and Slava Shafir as COO.
Previously, Wöhrmann served as CEO for DWS Group, a publicly listed global asset manager with over €800 bn in assets under management, which belongs to Deutsche Bank Group.
Wöhrmann will assume responsibility immediately and become sole CEO after a short transition period.
Shafir, meanwhile, joins from Corsair Capital and will assume responsibility as Patrizia’s COO, a newly created function, effective 1 June.
Wolfgang Egger, founder and CEO of Patrizia, said: 'Asoka Wöhrmann brings a comprehensive international leadership experience, in-depth knowledge of financial markets and the global asset management industry as well as a broad international client network to Patrizia.
'He shares our values, entrepreneurial spirit, and long-term vision along with our principles of inclusivity, openness, and strong collaboration. I am very happy and convinced that he is ideally suited to lead the company as new CEO and further strengthen our capabilities as a strong, trusted and fully independent partner for our clients.'
Egger added: 'I am also delighted to welcome Slava Shafir as chief operating officer to Patrizia. His proven track record of driving value and deep industry expertise make him an invaluable addition to our team.
'Slava Shafir will bring his extensive expertise and strategic vision to help provide exceptional investment opportunities and solutions for our clients and drive the company's continued growth and success.
'Both leaders complement our existing leadership team to successfully manage our next growth phase as a leading global real assets player. This in turn will allow me to concentrate on strategic client relations and the strategic development of the company also in my role as a member of the board of directors in the future.
'I remain fully committed to Patrizia as founder and majority shareholder and look forward to working in close partnership with the new CEO and COO and the whole executive team.'
Current co-CEO, Thomas Wels, will continue to support Patrizia as senior advisor with a particular focus on Asia-Pacific and Japan following the end of his term.
Uwe Reuter, chairman of the board of directors, said: 'With the successful conversion to an SE last year, Patrizia reshaped and strengthened its corporate management structure and leadership team.
'The company also defined its new mid-term plan which is the foundation for the next chapter of its global growth ambition.'
Wöhrmann (57) started his career as a research fellow and lecturer at the Technical University Vienna and the University of Magdeburg after completing his doctoral degree in economic sciences from the University of Magdeburg.
In 1998 he joined DWS as a portfolio manager and later worked in various global leadership roles at the Frankfurt-based global asset manager including the fixed income, multi asset, absolute return and currency divisions of the asset manager's fund platform.
Up until 2015, he was responsible for the entire fund management platform as global chief investment officer of DWS Group.
Afterwards he headed the private clients business of Deutsche Bank’s private & commercial bank (PCB) in Germany.
In 2018 Wöhrmann became CEO and chairman of the managing directors of DWS Group until 2022.
