Frank Teupe took over in April as head of Real Estate acquisition at German fund manager Real IS, replacing Markus Brucker who leaves in June to set up his own business.

Teupe has four years experience in the acquisition of real estate, though his most recent position was in asset management. He now returns to real estate acquisition to take over as department manager.

Teupe's predecessor, Markus Bruckner, will be leaving Real IS at end-June 2011 at his own request after 10 years of service to the company. Bruckner was responsible for global real estate acquisition. He will be setting up on his own.