German fund manager Commerz Real has announced the appointment of a new CEO to replace Gabriele Volz, who is resigning after four months in the role due to a ‘difference of opinions’ on the company’s management and strategy.
Volz, who spent over 10 years at Unicredit’s Wealthcap arm, had taken the helm of the group in January this year replacing Johannes Anschott. She will remain on the company’s board until the end of the month.
‘I deeply regret that Gabriele Volz has decided to seek a new professional challenge. I wish her all the very best and every success in the future,’ commented Sabine Schmittroth, the chairwoman of the Supervisory Board of Commerz Real.
Henning Koch will be the group’s new CEO starting in May. Aged 43, he is seen as a good cultural fit, having been with the group for about four years. Initially responsible for all international real estate and sales activities as global head of transactions, he has been a member of the board of management of Commerz Real, with responsibility for transactions and asset management, since April 2020. Prior to this he worked at Credit Suisse for more than 11 years. There, he was responsible for the international transactions for real estate investment products as head of acquisition & sales Europe from 2103 onwards.
'In Henning Koch an experienced manager is assuming the position of CEO at Commerz Real, one who is thoroughly familiar with the company and its business environment,’ commented Sabine Schmittroth, the chairwoman of the supervisory board of Commerz Real and a member of the board of management of Commerzbank. ‘Henning Koch is a convincing choice thanks to his extensive specialist expertise and his pronounced management qualities.’
The fund manager is expected to add a third member to its management board which currently consists of only two executives, Henning Koch and Dirk Schuster.
‘We are optimistic to announce an expansion of the board soon,’ a company spokesperson said.