Patrizia has announced that Asoka Wöhrmann has taken over the position of sole CEO of Patrizia, assuming the role and responsibilities from Wolfgang Egger effective today.
Wöhrmann, the former CEO of the global asset manager DWS Group, joined Patrizia in May as CEO Designate.
Following the completion of the structured handover process as planned, Wöhrmann assumes responsibility for the development of Patrizia’s global real assets platform, the execution of its mid-term growth strategy, driving platform efficiencies, and the expansion of its global presence to deliver profitable growth.
Wolfgang Egger, the founder and long-time CEO of Patrizia, continues to be an Executive Director and member of the Board of Directors. He will continue to focus on strategic client relations and the strategic development of the firm.
With the leadership handover complete, Patrizia concludes its transition to a truly global real assets investor and the evolution of its leadership structure to strengthen its combined real estate and infrastructure offering. In 2022, Patrizia successfully converted to a Societas Europaea (SE) and introduced a broader Executive Committee and Board of Directors.
“Wolfgang has grown Patrizia from a German investor investing its own money into real estate to an independent global real assets player with global reach over the past 40 years. Coming from a multi-generational farming family investing its own money in real value has always been a key part of the DNA of the firm. This is a tremendous achievement and strong foundation for the company’s next development phase. I am very excited to work together with Patrizia’s exceptional international team to strengthen and diversify our German business and to scale our investment offering globally. For this we leverage the vast synergies between real estate and infrastructure to create even more value for all our clients”, said Asoka Wöhrmann, CEO of Patrizia.
Wolfgang Egger, Founder, Executive Director and member of the Board of Directors of Patrizia, commented: “I am extremely happy to have found my perfect successor in Asoka. Not only does he share our values, he is also an exceptional leader who combines international experience, unmatched asset management expertise and entrepreneurial passion with empathy, the ability to lead people and great integrity. With his exceptional track-record of delivering profitable growth on a global scale, I strongly believe that he will take Patrizia to the next level, helping us gain momentum and achieve our global growth ambitions in Europe, Asia-Pacific and North America. And I will continue to focus on our strategic client relations and the strategic development of the company.”
Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!