Martin Bassermann is the new Chairman of the Board of Directors of HFS Helvetic Financial Services AG (HFS), a subsidiary of Corestate Capital Group (Corestate). A certified business administrator and tax consultant, he already joined the HFS Board of Directors in the middle of this year. He has served as Chief Financial Officer (CFO) of Corestate since 2019. Norbert Ketterer, the outgoing HFS Chairman of the Board of Directors, turned the office over to Bassermann on 10 December 2020. René Parmantier, CEO of Corestate, was appointed to the Board of Directors as new member.
16 December 2020, Pfäffikon SZ (Switzerland). Martin Bassermann is the new Chairman of the Board of Directors of HFS Helvetic Financial Services AG (HFS), a subsidiary of Corestate Capital Group (Corestate). A certified business administrator and tax consultant, he already joined the HFS Board of Directors in the middle of this year. He has served as Chief Financial Officer (CFO) of Corestate since 2019. Norbert Ketterer, the outgoing HFS Chairman of the Board of Directors, turned the office over to Bassermann on 10 December 2020. René Parmantier, CEO of Corestate, was appointed to the Board of Directors as new member.
Martin Bassermann joined Corestate in 2017. He previously worked for Patrizia Immobilien AG, eventually as Head of Accounting and Head of the Tax Department. Now aged 44, he started his career with the Deloitte management consultancy.
Martin Bassermann: “It is with pleasure that I accept the responsibility given to me. HFS is the market leader for mezzanine financing on Germany’s residential and commercial real estate markets, and demand for our fund products among institutional investors is very strong. We therefore uphold our plan for an organic growth of the current fund volume of c. 1.3 billion euros by 5 to 10 percent in 2021.”
Norbert Ketterer: “I will remain on friendly terms with the HFS in future. Martin Bassermann stands for continuity, quality, commitment and innovation on the highest level. What connects us is a trustbased collaboration of several years. Therefore, I am quite certain that, together with René Parmantier, he will achieve the company’s full potential.”
About CORESTATE Capital
CORESTATE is an investment manager and co-investor with around € 28 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange (SDAX) and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London.
Forward-looking statements
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About HFS Helvetic Financial Services AG
HFS Helvetic Financial Services AG (HFS), a wholly-owned subsidiary of the CORESTATE Capital Group, acts as advisor with focus on the field of real estate investments. It designs and manages specialised fund products for institutional investors, and in this line of work orients itself to the dynamic of the market. Investments concentrate on Germany’s growing metropolises, the focus being on housing and urban quarters (mixed use) in prime and secondary locations. In the time since it was set up, HFS has witnessed a steady increase in demand, and demonstrated its high level of competence through attractive earnings. By initiating its first investment fund, the company assumed a pioneering role in the mezzanine segment, and quickly evolved into the market-leading provider of mezzanine financing arrangements on Germany’s residential and commercial real estate markets while also acting as advisor for a number of funds. The company’s registered office is located in Pfäffikon SZ in Switzerland. For more details, go to the company’s homepage at hfs-ag.ch.
About René Parmantier
René Parmantier (45) was appointed Chairman of the Management Board of Corestate Capital Holding S.A. on 1 December 2020. His professional career included the position of Chairman of the Management Board of Oddo Seydler Bank already at a young age. He was responsible for the Trading, Sales, Research, Capital Markets and Public Relations divisions until summer 2020. He held the position of Group Head of Corporate Development and Origination for Investment Banking & Oddo Metals Germany in the newly formed Franco-German Oddo Group since August 2015. He was also a member of the Supervisory Board of Oddo Meriten Asset Management. Previously, René Parmantier was General Manager of Close Brothers Seydler Bank, which he joined in 2002. From 2004 to 2007, he was head of Designated Sponsoring at Close Brothers Seydler Bank. He also worked for Gontard & Metallbank in the Designated Sponsoring division and in Money, Foreign Exchange and Precious Metals Trading at Brandeis, Hauck & Partner GmbH.
About Martin Bassermann
Having obtained a degree in business administration, Martin Bassermann joined Deloitte in Munich in the Audit & Assurance unit, and managed the accounts of numerous companies in various industries over a six-year period. Originally a trained banker and tax consultant, he next transferred to PATRIZIA AG to head the Accounting and Taxes units. During this time, Martin Bassermann played a definitive role in the organic and inorganic expansion of the PATRIZIA AG while also handling the fiscal structuring of complex property transactions. In mid-2017, Martin Bassermann transferred to CORESTATE as Executive Director Finance. In this role, he masterminded the company’s uplisting to the Prime Standard and the refinancing of more than 500 million euros, among other things. In April 2019, he was appointed Chief Financial Officer of the CORESTATE Capital Group. In January 2020, he also became Head of Operational Management of HFS AG, before being appointed to the Board of Directors in August 2020.
