The Board of Directors of BPT Asset Management A/S (BPT) is pleased to announce the appointment of Michael Schönach, 37, as the new group CEO beginning as of 1 November 2012.
Michael Schönach has extensive international real estate and banking experience from former positions at among others Citycon, Catella Group, Deutsche Bank, and JP Morgan.
Furthermore, he has extensive international transaction experience from Northern Europe and Germany in particular with an emphasis on the Nordic retail segment and Nordic retailers. Michael Schönach also has a solid network among Nordic institutional investors. He comes from a recent position as Executive Vice President of Finnish-based real estate group Citycon Oyj.
With the appointment of Michael Schönach BPT is strengthening its commitment to further business development in the Nordic region, investor relationship, and value growth hereby solidifying its position as a professional and competitive lead market player in the region.
On behalf of the Board of BPT Asset Management A/S, Chairman Lars Ohnemus states: "After five years of consolidation and limited transaction volume, our industry is entering a new phase with increased focus on value creation and growth. In Michael Schönach, BPT is getting a truly international executive that covers the entire value chain, including profound investor relationship skills and a first class transaction record."
Michael Schönach replaces Mikael Hyttel Runegaard Thomsen who has been heading the BPT group for the past four years through a period of consolidation and the merger with Evli Property Investments. Mikael Hyttel Runegaard Thomsen will continue as Special Project Director with an emphasis on activities in the Danish market.
Source: BTP Asset Management