Johannes Gruss, former MD at troubled Austrian group SIGNA, has become head of m&a and corporate advisory for the DACH region at property services giant, JLL.
Gruss joined Signa in September 2020, and was prveiously a director at Credit Suisse for over 10 years where he led real estate investment banking in the Dach region.
He began his career as an analyst at JPMorgan.
The Austrian group crashed into insolvency proceedings last year.
According to a recent article in the Financial Times, creditors of the two most important companies in the bankrupt group are pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined in favour of a tightly knit group of investors based in Austria.
Groups representing more than two dozen international lenders including insurers, banks and bondholders with claims totalling more than €3bn told the Financial Times that Signa properties worth hundreds of millions of euros were being sold or transferred to related parties with barely any transparency about the liquidation process.
