KGAL hires new head of international business from Optimum

German investment and asset manager KGAL has appointed a new head of international institutional business, as part of an international growth strategy.

Christian Schulte Eistrup joins the company from Optimum Asset Management.

KGAL is seeking to expand its business across all asset classes, the company said. Last year, the firm completed transactions totalling €1.9 bln, managing investments of €20.5 bln.

Prior to joining KGAL, Schulte Eistrup was managing director and a member of Optimum’s management and investment committees. He brings to the role more than 20 years of capital markets experience, including a number of years as Head of EMEA for BlackRock alternative specialists – real estate, as well as senior roles at Corestate Capital and Morgan Stanley.

Welcoming the appointment, Florian Martin, who sits on KGAL’s group executive committee, said: ‘We believe Christian’s experience globally will play a vital role as we continue to pursue our international development strategy and seek to expand our relationships with leading institutional asset owners and consultants.’

Schulte Eistrup said: ‘I look forward to building on the recent successes in KGAL’s international expansion, in particular by leveraging the deep asset class expertise of our in-house transaction, portfolio and asset management teams.’

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