Former DWS boss Asoka Wöhrmann has began a new era at Germany’s Patrizia, taking over day-to-day responsibility for the real estate company as founder Wolfgang Egger steps back.
Wöhrmann was unveiled in May as CEO-in-waiting as Egger segued into a strategic role and greater focus on client relations.
Egger said: ‘I am extremely happy to have found my perfect successor in Asoka. Not only does he share our values, he is also an exceptional leader who combines international experience, unmatched asset management expertise and entrepreneurial passion with empathy, the ability to lead people and great integrity.’
‘With his exceptional track-record of delivering profitable growth on a global scale, I strongly believe that he will take Patrizia to the next level, helping us gain momentum and achieve our global growth ambitions in Europe, Asia-Pacific and North America. And I will continue to focus on our strategic client relations and the strategic development of the company.’
Wöhrmann said Egger had grown the company from a German investor of its own money into an independent global real assets player.
‘Coming from a multi-generational farming family investing its own money in real value has always been a key part of the DNA of the firm. This is a tremendous achievement and strong foundation for the company’s next development phase.’
