KGAL appoints new head of open investment funds

German fund manager KGAL said this week that it has appointed Michael Kohl as head of its open-ended fund business.

In  this  role, he  will  be responsible    for KGAL’s  real  estate  fund launched    in    2019, the immo Substanz,as well as the open infrastructure mutual fund scheduled for  launch next  year.  At  the  same  time,  he  will  also  support  new  product development in this area on behalf of the entire Group.  

Kohl can draw upon more than 25 years of experience as a tax consultant at EY and  from  various  management  positions  in  the  Commerzbank  Group.  Following positions at Commerz Real, where he was responsible for all of the company's real  estate  funds, most  recently  he  was  also  managing  director  responsible  for asset management in Commerzbank’s private client business.

‘Based on our strong institutional business, KGAL will now also become suitable for retail investors due to its ability to offer attractive open-ended fund products in its core areas of real estate and renewable energies,’ said Florian Martin, managing director  of  KGAL  Investment  Management  &  Co.


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