PATRIZIA accelerates its global growth ambitions with appointment of Asoka Wöhrmann as CEO Designate and Slava Shafir as COO

• Asoka Wöhrmann to become new CEO Designate effective 1 May 2023 responsible for the development of PATRIZIA’s global real assets platform, the execution of the Company’s strategy and the expansion of PATRIZIA’s global footprint
• Founder and CEO Wolfgang Egger will support the CEO Designate for a short transition period and afterwards focus on existing and future strategic client relationships and the strategic development of the Company also as a member of the Board of Directors
• Slava Shafir appointed as Chief Operating Officer (COO) effective 1 June 2023 to drive development of business operations, IT and Fund Services, and ensure efficient operations of PATRIZIA’s international product portfolio
• Appointment of new CEO and COO marks the next step in driving PATRIZIA’s global growth ambitions after the successful SE conversion and the establishment of a new management structure and leadership team in 2022
• Following the end of his term as Co-CEO Thomas Wels will continue to support PATRIZIA as senior advisor with a particular focus on Asia-Pacific and Japan

Augsburg, 2 May 2023. The Board of Directors of PATRIZIA SE, a leading partner for global real assets, announced the appointment of Asoka Wöhrmann as new CEO Designate of PATRIZIA SE and Slava Shafir as new COO. Previously Asoka Wöhrmann served as CEO for DWS Group, a publicly listed global asset manager with over EUR 800bn AUM globally, which belongs to Deutsche Bank Group. Asoka Wöhrmann will assume responsibility immediately and become sole CEO after a short transition period to lead the next growth phase of PATRIZIA’s expanding and diversified real assets platform. Slava Shafir joins PATRIZIA from Corsair Capital and will assume responsibility as PATRIZIA’s newly created COO function effective 1 June 2023.

“Asoka Wöhrmann brings a comprehensive international leadership experience, in-depth knowledge of financial markets and the global asset management industry as well as a broad international client network to PATRIZIA. He shares our values, entrepreneurial spirit, and long-term vision along with our principles of inclusivity, openness, and strong collaboration. I am very happy and convinced that he is ideally suited to lead the company as new CEO and further strengthen our capabilities as a strong, trusted and fully independent partner for our clients,” said Wolfgang Egger, founder and CEO of PATRIZIA. “I am also delighted to welcome Slava Shafir as Chief Operating Officer to PATRIZIA. His proven track record of driving value and deep industry expertise make him an invaluable addition to our team. Slava Shafir will bring his extensive expertise and strategic vision to help provide exceptional investment opportunities and solutions for our clients and drive the company's continued growth and success. Both leaders complement our existing leadership team to successfully manage our next growth phase as a leading global real assets player. This in turn will allow me to concentrate on strategic client relations and the strategic development of the company also in my role as a member of the Board of Directors in the future. I remain fully committed to PATRIZIA as founder and majority shareholder and look forward to working in close partnership with the new CEO and COO and the whole executive team.”

“With the successful conversion to an SE last year, PATRIZIA reshaped and strengthened its corporate management structure and leadership team. The company also defined its new Mid-Term Plan which is the foundation for the next chapter of its global growth ambition,” said Uwe Reuter, Chairman of the Board of Directors. “A central element of PATRIZIA’s future success has always been to build a top-class leadership team in a client-oriented entrepreneurial environment. Today, PATRIZIA has a convincing leadership set-up, a future-oriented strategy as well as a strong local footprint and global reach in place to manage its next growth phase. And we are very pleased to complete our executive team with two outstanding international leaders that will drive the company’s vision to become a leading global real assets player.”

Following the completion of his term as Co-CEO, Thomas Wels will become senior advisor to the company, in particular focusing on the Asia-Pacific region and Japan. “Thomas was instrumental in creating our new Mid-Term Plan, further internationalising our business, focusing on investment performance and scalable growth as well as building-up our momentum in Asia-Pacific,” added Wolfgang Egger. “On behalf of the entire Executive Committee I would like to sincerely thank Thomas for his great contribution, strategic advice and full engagement for PATRIZIA over the last three years. I am very grateful that he will continue to support us in a consulting role with his broad international experience and network.”

About Asoka Wöhrmann

Asoka Wöhrmann (57) has long-standing international leadership experience and comprehensive knowledge of global financial markets and the asset management industry as well as a proven broad international client network. He started his career as a research fellow and lecturer at the Technical University Vienna and the University of Magdeburg after completing his Doctoral degree in Economic Sciences from the University of Magdeburg. In 1998 he joined DWS as a Portfolio Manager and later worked in various global leadership roles at the Frankfurt-based global asset manager including the Fixed lncome, Multi Asset, Absolute Return and Currency divisions of the asset manager's fund platform. Up until 2015, he was responsible for the entire fund management platform as global Chief Investment Officer of DWS Group. Afterwards he headed the Private Clients business of Deutsche Bank’s Private & Commercial Bank (PCB) in Germany. In 2018 Asoka Wöhrmann became Chief Executive Officer and Chairman of the Managing Directors of DWS Group where he was responsible for more than EUR 800bn AuM and Senior Group Director (“Generalbevollmächtigter“) of Deutsche Bank until 2022.

About Slava Shafir

Slava Shafir brings over 20 years of experience in banking, operations, and technology. Slava Shafir began his career at Alex. Brown & Sons as an IT sector financial analyst, before moving on to Deutsche Bank Investment and Wealth Management, where he served as Head of Digital and Chief Operating Officer. In 2012 he joined Barclays Capital Inc., as a CIO and later Managing Director and COO in Barclays UK, before joining Barclays Venture Capital. At Barclays Venture Capital, Slava Shafir led business development and partner strategy, working closely with Fortune 500 and fast-growth tech companies developing new revenue streams, increasing customer value, and focusing on the business growth. In 2021, he joined Corsair Capital as an Operating Partner. Slava Shafir also holds additional Board Advisor positions at DeepSee.AI and Zedra. He has a Bachelor of Science degree in Business Administration and Finance from the University of Baltimore.

PATRIZIA: A leading partner for global real assets

With operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 39 years. PATRIZIA manages more than EUR 59 billion in assets and employs over 1,000 professionals at 28 locations worldwide. PATRIZIA is making an impact since 1984 by helping children in need, since 1992 in close collaboration with Bunter Kreis (“colourful circle”) in Germany for aftercare of children with severe diseases and since 1999 through its support for the PATRIZIA Foundation. The PATRIZIA Foundation has helped around 250,000 children in need worldwide gain access to education and thus, has given them the chance of a better life over the last 24 years. You can find further information at www.patrizia.ag

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