Patrizia AG announced the appointment of Asoka Woehrmann as new CEO Designate, effective May 1. Woehrmann 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. Previously, Woehrmann served as CEO for DWS Group. Founder and CEO Wolfgang Egger will support the CEO Designate for a short transition period.

Following this, Egger will focus on existing and future strategic client relationships and the strategic development of the Company also as a member of the Board of Directors. Further, 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 region and Japan.