DGAP-News

Corestate: René Parmantier becomes new CEO - Lars Schnidrig remains on board as CFO - Seite 2

Friedrich Munsberg, Chairman of the Supervisory Board, says: "With René Parmantier, we have been able to gain an experienced and dynamic new CEO. He will make a decisive contribution to ensuring that the company accelerates its growth course again in the coming years. I am also extremely happy to have Lars Schnidrig joining this new Management Board, returning to his former role as Chief Financial Officer, a position that he has successfully held in the past with focus on deleveraging and shareholder's profitability."

René Parmantier said: "I am very much looking forward to my new role at Corestate. In my professional career, transactions and financing for real estate companies have always played a major role. I can now bring this experience to Corestate. I see considerable growth potential both in the existing product area of investment management and, above all, in the private debt segment. The market continues very strongly on the transactions side, also valuations getting richer and the mezzanine business to remain strongly and Assets under Management envisaged to grow. I am grateful for the confidence placed in me."

Lars Schnidrig says: "In the crisis year 2020, we have already prepared ourselves very well for the expected upswing after the end of the pandemic. In addition to the further development of our product portfolio, this includes above all the initiation of a programme to reduce customer-related balance sheet items and thus release liquidity. I am very confident that the new Management Board team will be able to report significant successes in this area in the short term and that we will also be able to make further progress in profitability and sales growth in the new year on the basis of a more efficient cost structure".

Press contact
Jorge Person
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[e-mail]

Investor Relations contact
Mario Groß
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About CORESTATE Capital Holding S.A.

CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with assets under management of well over 28 billion euros. As a fully integrated real estate platform, CORESTATE offers its clients sound expertise in the areas of investment and fund management as well as real estate management services from a single source. The company is internationally active as a respected business partner for institutional investors and wealthy private investors. The company is headquartered in Luxembourg and has 42 additional offices in Frankfurt, London, Paris, Madrid, Zurich and Amsterdam, among others. CORESTATE has around 800 employees and is listed on the Frankfurt Stock Exchange (SDAX). Further information can be found at www.corestate-capital.com.