Treveria appoints three new directors

Treveria, the German-focused retail property investor, has announced the appointments of Nicholas Cournoyer, Rolf Elgeti and Michael Neuburger as non-executive directors. The appointments follow the completion of a strategic review by the AIM-listed company last year aimed at stabilising its management structure. At that time, Manfred Maus had indicated his desire to retire from the board.

Cournoyer, aged 50, has been appointed a non-executive director at Treveria. He is managing partner of Montpelier Investment Management, which currently holds 19.63% of Treveria's issued share capital. Cournoyer founded Montpelier in 1992 to specialise in investments in distressed debt and equity. Prior to founding Montpelier, Cournoyer was at Chase Manhattan Bank.

Elgeti, aged 32, has six years' experience in the German commercial and residential property investment markets during which he has been responsible for acquiring and managing a portfolio of assets exceeding 100 million for clients. He is currently managing director at Elgeti Ashdown Advisers Ltd, a London-based property fund manager specialising in German property, which he co-founded in April 2007.

Neuburger, aged 46, is an independent real estate financing and transaction consultant. Prior to which, from 2001 to 2007, he held senior positions at, and was latterly chief financial officer on the board of, Deutsche Wohnen AG, Germany's second largest listed residential property company. He was responsible for financing, sales, portfolio management, accounting and risk management.