Christoph Schumacher new Head of Global Real Estate at Credit Suisse
Dr. Christoph Schumacher will become the new Head of Global Real Estate at Credit Suisse Asset Management as of June 1, 2017. He succeeds Beat Schwab and will report to Michel Degen, Head of Asset Management Switzerland & EMEA.
Christoph Schumacher has been a managing director at Union Investment Institutional Property GmbH in Germany since March 2011. There he was responsible for institutional business and was a member of Union Investment's Real Estate Investment Committee. Since January 2016, he has also been spokesman for the board of the North Region of the German industry association Zentraler Immobilien Ausschuss (ZIA Region Nord).
From 2005 to 2011, Christoph Schumacher worked for Generali Real Estate in Cologne, Luxembourg and Paris. Prior to that, he was a lawyer at the major international law firm Linklaters in Berlin and London. From 2000 to the end of 2001, he was personal advisor/office manager to the German Minister of Finance in Berlin.
Three business segments
As of June 1, 2017, Credit Suisse Asset Management Real Estate will also comprise three business units: Real Estate Switzerland headed by Raymond Rüttimann, Real Estate International headed by Francisca Fariña Fischer, and Real Estate Mandates & Advisory headed by Daniel Tochtermann. All heads will report to Christoph Schumacher.
Beat Schwab, who heads Global Real Estate on an interim basis, is leaving Credit Suisse in mid-2017 as previously announced.
Credit Suisse Asset Management manages assets of CHF 344 billion (as of January 31, 2017). The divisions manage global and regional portfolios, investment funds and other investment vehicles for governments, institutions, corporations and private clients worldwide. The Asset Management Real Estate division managed assets of CHF 43 billion as of the end of January.
