Real IS, the property arm of German lender BayernLB, has reorganised its investment management division in response to the departure of Axel Schulz, the current global head of investment management.
Barbara Geidner, head of investment management international, and Maximilian Kube, head of investment management DACH, will be first contact for investments and divestments.
They will report directly to Jochen Schenk, CEO of Real IS.
'Now, as we get ready for a new market phase, is an especially good time to focus our transaction management,' said Schenk. 'Investment management can achieve this in a targeted way with Barbara Geidner and Maximilian Kube on board. Both have been working at Real IS for many years.
'They have extensive expertise, lots of experience, and they are well networked. I look forward to working with them even more closely than before.'
Schuls has announced plans to pursue a new career path. 'We would all like to thank him for his nearly seven years of service to Real IS. Together, we have been able to achieve a lot. We wish him every success in his next career challenge and beyond,' added Schenk.
