Sina Gittrich to Head AIFM Services Division of INTREAL
As of 1 August, Sina Gittrich (41) is the new Head of the AIFM Services division at INTREAL. She succeeds the previous head, Malte Priester, who has left the company on his own accord as of 31 July 2022. Gittrich joined INTEREAL in 2016, and was appointed deputy head of the division that same year. Previous career stops of Gittrich, who holds a degree in business economics, include HSH Real Estate, HGA Capital Grundbesitz und Anlage, and HIH Invest Real Estate. The AIFM services division of INTREAL handles extensive back-office and regulatory tasks on behalf of licensed AIF management companies (companies of the German “KVG” type). INTREAL, acting as third-party AIFM, administrates a total of 133 property funds with a combined volume of 26.1 billion euros in this business unit.
Michael Schneider, Managing Director at INTREAL, commented: “Sina Gittrich is the optimal person to fill this position because she is thoroughly familiar with the company and with our clients, and because she has already managed this division in a deputy role for the past six years. I’m very happy that she is now taking charge of it for good. Moreover, I should like to thank Malte Priester, who headed the division for many years, for his highly successful work to build up this business line and INTREAL in general.”
Sina Gittrich added: “The AIFM Services division faces fresh requirements on a daily basis. Very important events for the client side, for instance, include the share price calculation and the settlement of the distributions. In addition, we keep upgrading our services on a continuous basis. For instance, we are currently implementing a new interface to Germany’s cooperative banks (“Volksbanken”) and agricultural credit cooperatives (“Raiffeisenbanken”), which represent an important investor group for our clients. Another important project is the integration of the ESG requirements into our processes. In addition, we are currently working on a digital portal for our clients that will enable them to retrieve all of their investment details any time.”
The appointment of Sina Gittrich is not the first time that INTREAL recruited in-house staff for a senior position. Michael Schneider commented: “It has been and continues to be a challenge for us to find the high-skilled and specialised professionals of the type we need. This is all the truer when it comes to filling executive positions. For a few years now, we have therefore preferred to recruit candidates for the executive level internally, and our experience with the approach has been very positive. A case in point is out partner funds business line, which is headed by Camille Dufieux, who has been aboard in a variety of roles ever since INTREAL was formed as a company. In a parallel role, Camille Dufieux is also a member of the senior management of INTREAL Luxembourg.”