Timo Nurminen has been appointed chief executive officer of Catella Property Group’s property asset management arm Amplion Asset Management.
Nurminen is currently chief executive officer of Catella’s Finnish business, Catella Property. He will start his new assignment on the first of January 2009.
“Timo Nurminen has successfully developed Catella’s Finnish business into a very strong position on the Finnish property market.” said Johan Ericsson, chief executive of Catella Property Group, in a statement. “Property asset management is a core business area in the group which will be further developed.”
Amplion Asset Management enters into long term partnerships to non-domestic investors who wish to invest in local property markets where they lack their own local resources. Amplion currently provides services in Finland, Russia, the Baltic countries and France, and has plans to expand into other European markets.
Schönach, was previously employed as a vice president at Deutsche Bank, with responsibility for real estate related investment banking advisory in the Nordic Countries, Russia and CIS, Poland and the Baltics. Prior to joining Deutsche Bank he held various positions at JP Morgan in London.