US investor Christopher Flowers has been appointed to the supervisory board of Hypo Real Estate after his JC Flowers buy-out firm led the acquisition of almost 20% in the German property lender. Two other positions on the board are being filled by Dr Renate Krummer, managing director of JC Flower's German operations and Richard Mully, a founding partner of property investor Grove International Partners, which joined Flowers to obtain the stake in Hypo Real Estate.
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