CORESTATE Capital Holding S.A. announced the appointment of Philipp Ellebracht as Managing Director and Group Head of Sales. Ellebracht is responsible for managing and further developing all of Corestate's sales activities and reports directly to CEO René Parmantier. In addition, Ellebracht is a member of the Investment Committee and the Operational Committee, two of the Group's main steering committees. He previously worked for the British real estate investment company Schroder Real Estate for nearly ten years. Douglas Edwards is leaving the company as part of the organisational adjustments.