AG Real Estate, formerly known as Fortis Real Estate Belgium, has announced the departure of Chief Executive Alain Devos per March 1, 2012.

Devos has been with AG Insurance and Groep Ageas for over 20 years. As CEO of the group's property arm, he significantly expanded the company's property development and investment activities and boosted the portfolio under management for third parties, said Antonio Cano, Chairman of AG Real Estate's board and CEO of AG Insurance, the owner of AG Real Estate.