Deutsche Asset & Wealth Management (DeAWM) has continued its senior hiring in Europe with the appointment of Jorn Stobbe as managing director for its real estate business in Germany.
Stobbe’s appointment follows closely the appointment of Cederic Dujardin as director and head of France in July.
Stobbe has been charged with overseeing the German, Austrian and Swiss portfolios within DeAWM’s €16 billion of assets under management in Europe.
He is a qualified banker and solicitor and was previously a partner at law firm Clifford Chance.
Pierre Cherki, head of alternatives and real assets at DeAWM, which includes real estate, said: “Jorn Stobbe is a proven real estate expert with international experience in high-profile real estate transactions, complex financing issues and portfolio restructuring.”
“Jorn is an excellent addition to the real estate management team, which is headed by Georg Allendorf. His expertise in high-yield products, combined with his reputation and extensive network of market contacts will be particularly valuable as we continue to find compelling investment opportunities in the German, Austrian and Swiss markets,” Cherki said.
Stobbe joins during a time of stabilisation for DeAWM. The platform itself was only formed last September following a strategic review by Deutsche Bank of various of its businesses that included RREEF.