As the chief executive of Asia-Pacific at GE Capital Real Estate, Francois Trausch has been responsible for 200 real estate professionals based in Japan, Korea, Australia and Hong Kong, managing $9 billion of equity investments.
But, it was announced last month that Trausch is giving that all up to lead the real estate activities of German insurance giant Allianz. From January 1, 2016, Trausch will replace the retiring Olivier Piani.
“Thanks to its global organization and the extraordinary quality of the team, Allianz Real Estate has been impressively successful in expanding its widely diversified real estate portfolio to €37.4 billion over the last years,” commented Trausch. “It will be my ambition to further develop the well-positioned real estate business of Allianz.”
But, despite spending the past five years in Asia, Trausch also comes with significant European experience. Prior to his time in Asia, Trausch had spent 15 years with GE in Europe in various senior real estate positions. Before joining GE, he worked for Tishman Speyer in New York and Berlin and for Goldman Sachs in London.
Trausch is not the only new face at Allianz Real Estate either. In July, Barbara Koreniouguine joined as chief executive of Allianz Real Estate France from BNP Paribas Real Estate, and Olivier Téran was appointed chief investment officer back in January.
Trausch will need all of his experience if Allianz is to match this year’s investment activity in 2016. Transactions in 2015 included the acquisition of a €1.85 billion portfolio of loans from Ireland’s National Asset Management Agency (NAMA) and backing Dutch residential property company Vesteda to the tune of €600 million.