AXA IM Alts announces three senior promotions within real estate business
AXA IM Alts has expanded its senior team with three promotions across its global and European real estate business line.
Philippe Grasser has been promoted to head of European transactions. Based in Frankfurt, Grasser will oversee the sourcing, selection and execution of AXA IM Alts’ European acquisitions. Grasser has more than 30 years of Pan-European real estate and corporate finance experience and joined AXA IM Alts in 2021.
While remaining a managing director in the firm’s German business, many of Grasser’s responsibilities for German activities will pass to Ulf Bachmann, who will become CEO for Germany, alongside his current role of chief transformation officer, real estate. In addition to his current responsibilities, Bachmann will be responsible for overseeing the overall operation of the Alts business in Germany, devising and implementing the in-country strategic direction and further developing the AXA IM Alts’ platform in the market.