2008-06-10

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Germany | Property Companies People

Commerz Real Reorganises Fund Sales Structures

Germany: * Erich Seeger Appointed to the Management Board * Integrated Sales Structures Created * Günter Ress Leaves Executive Committee

Commerz Real has just pooled the equity sales for all investment products and placed them in the care of one new board member. Erich Seeger (44), currently the head of sales/marketing for open-ended property funds, will join the management board as of 1 July 2008. In addition to his former responsibility, he will be in charge of the CFB funds and for sales to institutional customers.

Erich Seeger has been with Commerz Grundbesitz Gruppe (CGG) – the group that merged with CommerzLeasing und Immobilien (CLI) in September 2007 to form Commerz Real – since 2004. Prior to his transfer to CGG, he worked for HVB Group, serving in a variety of positions, initially as advisor to high net worth private customers, later on in the institutional segment where, among other functions, he was active as portfolio manager and in charge of strategic marketing tasks, among other jobs. Between 1999 and 2004, Erich Seeger was head of Germany sales for Activest.

“Against the background of the merger, pooling all equity sales functions represents a logical and consistent step,” Hubert Spechtenhauser, Management Spokesman of Commerz Real AG, elaborates the decision. “Last year, we already merged our activities in the areas of the open-ended and closed-end funds. Adding the institutional business permits the integrated marketing of any investment product offered by Commerz Real. By placing Erich Seeger at the helm of the restructured field, we set the parameters for a product- and target group-oriented expansion of our sales potential.”

Günter Ress, until now the board member in charge of the areas CFB funds and sales/marketing of open-ended funds will be leaving Commerz Real AG. “Günter Ress was part of the company for nearly 26 years, and contributed decisively to its sustained success,” said Spechtenhauser as he commended the services of the senior executive. “In particular, it is owing to his efforts and his commitment that CFB developed into one of the most successful providers of closed-end funds."

Markus Esser Commerz Real AG - 2008-06-10

Announcement by Commerz Real AG. The originator takes responsibility for its content.