FIG Watch: Reformed HRE Group seeks real estate dominance

Having emerged from a reshuffle in in the Hypo Real Estate Group at the start of the year, Hypo Real Estate Bank International is the most significant institutional response to the Pfandbrief Act yet. The merger of two banks with distinct business models and funding tools has created a real estate financier well equipped to match its hunger for growth, writes Florian Neuhof.

Robert Grassinger, member of the board at Hypo Real Estate Bank International Grassinger: diversification is key

Since HVB decided to dispense with its commercial real estate business in 2003, creating the Hypo Real Estate Group, the organizational structures in which Robert Grassinger, member of the board at Hypo Real Estate Bank International responsible for treasury, funding and securitization, operates have been in a state of flux. Grassinger began his career at Württembergische Hypothekenbank in 1997 and his rise in the Stuttgart-based institution has gone hand in hand with the restructuring of the bank around him.

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