Union Investment announces that Michael Montebaur, member of the Management Board of Union Investment Real Estate AG, is leaving the company with effect from 31 January 2009 to set up his own business.
Montebaur's responsibilities as a board member of the Hamburg-based property fund manager include real estate activities outside Germany. His replacement at Union Investment Real Estate AG will be announced shortly. Also leaving the company at the end of the year is Rolf Zarnekow, head of asset management for the European and North American core markets.
Source: Union Investment