Executives Launch Pamera for Asset Outsourcing

FRANKFURT-Several senior property executives in Germany have combined to launch the new Pamera Real Estate group, which comprises three complementary, independent owner-managed companies offering a wide range of services in particular to banks which need to outsource asset and other management services.

Co-founders Christoph Wittkop and Gunther R. Deutsch said that in the aftermath of the global crisis when German banks acquired assets from many distressed sponsors, they are now starting to manage assets again and seeking outsourcing. “Banks appreciate that Pamera is an independent asset manager,” said Deutsch. “We can avoid a conflict of interest as opposed to many other asset managers affiliated with larger investors.”