Globalworth Real Estate Investments Limited announced that the Board of Globalworth and Dimitris Raptis, have agreed for Mr. Raptis to step down from his role as Chief Executive Officer (CEO) with effect from 31 December 2022, but he will continue to support Globalworth in an advisory role allowing time for a handover period. Mr. Raptis joined the Board of the Company as Deputy CEO and Chief Investment Officer ahead of its IPO on AIM in 2013, later becoming CEO during 2020. Dennis Selinas is joining the Company will take over as CEO of Globalworth from 1 January 2023.

Mr. Selinas is currently managing the real estate portfolio of Argo Capital Management Limited, an AIM-listed fund management company, which consists of €500mof retail assets in South and Eastern European shopping centres and land, including in Romania. Mr. Selinas has extensive experience in the financial and property industries of more than twenty years. He has multi-disciplinary expertise (Executive Management, Operational & Financial Restructuring, M&A Advisory, Private Equity, Trading, Derivatives Structuring) in several asset classes (Property, Distressed Debt, Fixed Income, Precious Metals) across varying types of institutions (Listed Property Companies, Private Equity Funds, Investment Banks, Hedge Funds), in several diverse jurisdictions (South Eastern Europe, China, Brazil, Middle East & Western Europe).

He started his career trading fixed-income derivatives at the Bank of Montreal and moved to M&A with Lazard London after graduating from London Business School. He has held senior positions at Argo Capital Management and Charlemagne Capital and has been involved in all aspects of property investment, including acquisition, development, portfolio disposals, financing, asset management and restructuring in the retail, office, and residential sectors.