Harin Thaker, head of real estate international, will leave pbb Deutsche Pfandbriefbank at the end of January. His responsibilities will be taken over by Bernhard Scholz until a replacement has been found.

‘Thaker’s departure follows the successful re-establishment and confirmation of pbb’s presence on the international real estate markets, which mark a natural point for Thaker to pursue other interests,’ the company said in a statement.

Thaker has worked for the bank in various positions since 1992 and has been head of real estate finance international for the past six years.