Munich-bsaed UBS Real Estate KAG has appointed Axel Vespermann and Gabriele Merz as new members of its board.

Munich-bsaed UBS Real Estate KAG has appointed Axel Vespermann and Gabriele Merz as new members of its board.

Gabriele Merz will assume the role of chief financial officer and board member, replacing Christine Bern Hofer who is leaving UBS Real Estate KAG at the end of September.

Merz joined UBS in 2006, initially as head of accounting and reporting for the UBS Real Estate Funds in Germany and head of fund financing.

Vespermann will be responsible for portfolio management, acquisition and divestment, asset management, construction and development.

He joins from Allianz Real Estate where he was head of retail with responsibility for the global retail portfolio.

Previously, he worked in various management positions, including at Credit Suisse Asset Management, DB Real Estate Investment and Deka Immobilien Investment.