Internos Real Investors LLP, the 1.5 billion owner-managed real estate fund management business, is pleased to announce the appointment of Paul Muno as Managing Director of Internos GmbH, effective July 1 2011.
Muno has been appointed as Managing Director of Internos GmbH to establish and build relationships with capital investors in the German market. Muno will work alongside the other Managing Directors, Berthold Becker and Georg zu Stolberg, and will be responsible for driving the establishment of fund management capabilities within the German office, including the formation of appropriate vehicles and structures, as well as providing strategic advice in relation to the broader European business.
With over 15 years' experience in the real estate sector, Muno joins Internos with a wealth of knowledge along with high level contacts in the market. He started his career in 1995 at Deutsche Bank AG as a graduate trainee, where he held several roles in the Real Estate Finance team, before being promoted to Head of Eurohypo, Milan.
Following this, Muno spent over five years with Oppenheim Immobilien-Kapitalanlagegesellschaft, Wiesbaden before joining Commerz Real Spezialfondsgesellschaft mbH, as Geschäftsführer, where he provided direction and leadership in order to ensure implementation of the strategic goals and objectives of the organization.
Commenting on the appointment, Andrew Thornton, CEO of Internos, said: "We are very pleased to have a senior real estate professional of Paul's calibre join the team. His breadth of experience and intimate knowledge of German investors will allow us to focus upon delivering the next stage of strategic growth and development in the German market".
Source: Tavistock Communications