Reinhard Kutscher is now the CEO of Union Investment Real Estate. The property fund firm, seated in Hamburg, announced that its supervisory boards appointed Kutscher to this post, as of November 2.
Up to now, he had been the chairman of management. Frank Billand, Ingo Hartlief and Karl-Joseph Hermanns-Engel still remain in the top management of the firm. Kutscher is responsible for fund management, portfolio strategy, finances and shareholdings, as well as marketing and communications. He also directs the property segment within the Union Investment Group, which comprises not only Union Investment Real Estate, but also Union Investment Institutional Property.
Source: Thomas Daily