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Home 9 CORESTATE Corporate News 9 | Corestate Capital Holding S.A.: CORESTATE Capital Group signs consulting agreement with Axel Wieandt

| Corestate Capital Holding S.A.: CORESTATE Capital Group signs consulting agreement with Axel Wieandt

27.04.2017

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Corestate Capital Holding S.A.: CORESTATE Capital Group signs consulting agreement with Axel Wieandt

04/27/2017
DGAP-News: Corestate Capital Holding S.A.: CORESTATE Capital Group signs consulting agreement with Axel Wieandt
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel

27.04.2017 / 09:00
The issuer is solely responsible for the content of this announcement.

CORESTATE Capital Group signs consulting agreement with Axel Wieandt

CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has signed an agreement with Axel Wieandt who will consult on matters of post-merger integration and repositioning of shareholdings. Under the mandate, Axel Wieandt will support the CORESTATE management team in preparing different activities related to the acquisition of the Hannover Leasing Group, among other things. Last December, CORESTATE had purchased a 94.9% stake in the Hannover Leasing Group from Helaba and HTSB. Completion of the transaction is still subject to the conclusion of owner control procedures by BaFin, which is expected to occur in the first half of 2017.

Axel Wieandt holds a master’s degree and a doctorate in business administration from WHU, Otto Beisheim School of Management (WHU). He started his career at McKinsey and then Morgan Stanley. In 2000, he was the youngest divisional head at Deutsche Bank, responsible for Corporate Development. From 2003 onwards, he also served as Global Head of Corporate Investments. Subsequently, Axel Wieandt spent two years as the Chief Executive Officer and Chairman of the Management Board of Hypo Real Estate Holding. In 2010, he returned to Deutsche Bank as a Managing Director responsible for Integration Management. After serving as the Managing Director Investment Banking of Credit Suisse Germany, he was appointed Chief Executive Officer and Chairman of the Management Board of Valovis Bank, previously Karstadt-Quelle-Bank, in October 2012. In mid-2015, Axel Wieandt resigned from the Management Board of Valovis Bank. In addition to his corporate commitments, Axel Wieandt has been an honorary professor at his alma mater, WHU, since 2005.

Ralph Winter, CORESTATE founder and senior advisor: “We see an increasing number of asset managers which, due to their size and growing regulatory requirements, do not have a particularly profitable business model that offers long-term stability. The direct result is a consolidation in this sector. To benefit from this development, you need great management expertise in areas such as integration, repositioning and cost efficiency.”

IR Contact
Henryk Deter / Mirko Koch
Phone: +49 611 20585540 / koch@cometis.de

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / tz@feldhoff-cie.de

About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with EUR 16bn* in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 26 offices including in Dusseldorf, Frankfurt, Madrid, Singapore and Zurich. The company employs over 390 people and is listed on the Frankfurt Stock Exchange. Further information is available at www.corestate-capital.com.
*The completion of the Hannover Leasing Group transaction is still subject to the conclusion of ownership control procedures by the Federal Financial Supervisory Authority, BaFin

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

-ENDS-