Kurt Roeloffs, chief investment officer for RREEF, Deutsche Bank’s real estate, infrastructure and private equity investment management division, will step down at the end of 2012, the Wall Street Journal reported.
Last spring, after talks of a potential sale of RREEF to Guggenheim Partners, the negotiations were called off.
A spokeswoman told the Journal that Mr. Roeloffs “will remain with RREEF Real Estate until the end of the year to ensure a smooth transition of responsibilities.”
During his tenure at RREEF, Mr. Roeloffs has been responsible for over $4 billion of equity investments with a total transactional value in excess of $10 billion.
RREEF focuses on real estate investments and had $57.4 billion in assets under management as of December 31, 2011—$30.8 billion of which was in the Americas.