HAMBURG, GERMANY—Starting June 1, there will be a new executivesteering Unilmmo: Europa and Unilmmo:Global fund management unit at Union InvestmentReal Estate GmbH, Hamburg. BjörnThiemann, 41, will take over as head of the unit.

Thiemann and his team will be responsible for management of bothretail funds, but will also personally take responsibility forUnilmmo: Europa, Union Investment's broadly diversified flagshipfund covering 19 national markets with assets of EUR 8.3 billionand a European investment focus.

With degrees in business administration and real estateeconomics, in his new role Thiemann will report to ReinhardKutscher, chairman of the management board, and chieflyresponsible for retail fund management. “We are delighted thatBjörn Thiemann is joining us to run our top product. He is anexperienced fund manager with extensive real estate expertise,”said Kutscher.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.