German Estate Group (GEG), a Frankfurt-based property firm owned by asset manager DIC and private equity firm KKR, has appointed Thomas Hartmann as new chief financial officer (CFO) with effect from today.
Hartmann (pictured) will succeed Arndt Buchwald, who left the company after three years. The new CFO will oversee transaction management and risk management, in addition to regular CFO’s duties.
Gerhard Schmidt, chairman of GEG's supervisory board, commented: ‘We are delighted that Dr Thomas Hartmann will join GEG – a renowned CFO who brings many years of management experience across all areas of finance, combined with in-depth knowledge of the real estate business.’
Hartmann previously worked for Munich Re, Argoneo Real Estate GmbH and KPMG.
Prior to his new role at GEG, he worked as CFO and managing director at GBW Group, managing 30,000 residential properties.