LBP AM European Private Markets has appointed Thorsten Goettel as Germany sales director, following its recent entry into the German market with a new office in Frankfurt.
Goettel, who has been hired by the asset manager for his “deep understanding” of German institutional investors and experience in private markets, took up his new role on 1 April.
Based in Frankfurt, he will lead the commercial development of LBP AM European Private Markets in Germany, bringing his “in-depth knowledge” of complex investment solutions in private debt, infrastructure debt and real estate debt.
Goettel began his career in banking, with a focus on derivatives and structured solutions, before moving into commercial roles serving institutional clients, and developed his coverage of the German market working at WestLB, Commerzbank, Dresdner Bank, and DZ Bank.
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More recently, he has held advisory and capital raising roles in private assets, supporting private debt and real asset strategies.
His arrival “marks a new milestone in the deployment of our platform in Germany”, according to Peter Arnold, head of LBP AM European Private Markets.
“His experience, the quality of his network, and his deep understanding of the needs of German institutional investors are key assets to support our growth in this strategic market and strengthen our proximity to local investors,” Arnold said.
The asset manager, which opened its first office in Germany in February, has already appointed Alexander Schäfer as investment director within its corporate direct lending team, and has plans to build a dedicated local team in the region.
Goettel added: “I am very pleased to join LBP AM European Private Markets at a pivotal moment in its development in Germany. The platform’s strength, the complementarity of its expertise, and its European ambition provide an exceptionally attractive foundation to support German institutional investors in their growing demand for private market investment solutions.”
