Michael Brack new Head of Real Estate Management at Helvetia
Handover of the baton in real estate management at Helvetia Insurance: The previous head Peter Hirt is retiring. Michael Brack is now responsible for the management of around 40,000 rental properties.
Michael Brack has taken over as Head of Asset and Property Management Real Estate at Helvetia Insurance as of January 1, 2017. He has been with the company for eleven years and previously headed the Real Estate Back Office. He had been deputy to Peter Hirt since 2009. The 43-year-old Michael Brack is a qualified accountant as well as a real estate manager. Before joining Helvetia, he was Head of Finance at a company in the food wholesale sector.
Peter Hirt looks back on a career of almost 43 years - first at Patria, later at Helvetia. After holding leading positions in real estate management, he took over the overall management of this division in 2005. During his tenure, Helvetia Insurance developed into one of the major real estate investors in Switzerland with around 40,000 rental properties, including almost 15,000 apartments.
Helvetia manages real estate directly as part of its investment activities. It includes rental, maintenance and marketing as well as property valuations and financial reporting to Helvetia Group. The department has around 120 employees, 64 of whom are full-time janitors.
