Silvia Schmitten-Walgenbach joins DEGI's Management Board (DE)

DEGI Deutsche Gesellschaft für Immobilienfonds mbH has appointed Silvia Schmitten-Walgenbach as Managing Director with effect from September 1, 2007. Silvia Schmitten-Walgenbach has joined DEGI on March 1, 2007 as General Manager and has been responsible for the successful sale of the €2,45-billion SPRING portfolio from DEGI's GRUNDWERT-FONDS. With the enlargement of the board DEGI further extends its portfolio management resources which comprise the acquisition and disposal of properties in Germany and abroad.

Silvia Schmitten-

"The rising exposure to the international property markets poses increasingly stringent requirements for proactive portfolio management in terms of the complexity and the sheer number of property transactions concerned. With Silvia Schmitten-Walgenbach, we are strengthening our impact and our competitiveness in our core business, while at the same time creating additional scope for our multifaceted product initiatives," says Bärbel Schomberg, Speaker of DEGI's Management Board.

Before joining DEGI, Silvia Schmitten-Walgenbach has since 2005 been handling Strategy & Business Development at Dresdner Bank Group Real Estate, where she primarily dealt with the bank's property investments. 35 years old, she began her career with Deutsche Bank, where her remit focused on the structured finance and private equity operations both at home and abroad.

Source: Allianz

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