Former Deutsche Pfandbriefbank boss Harin Thaker has taken a non-executive directorship of the board of Aim-listed company Secure Property Development & Investment.
The former head of international real estate finance at the German lender joins the the south east-European focused property and investment company, formerly known as Aisi Realty Public, to continue its “turnaround”.
A statement from the group said the appointment follows a number of successful initiatives which have been implemented by the new internal management as part of a wider strategy, to improve the company’s financial strength, and reposition it for future growth.
Thaker, 57, is a real estate veteran with more than 20 years’ industry experience, having held the role of chief executive, Europe, of Hypo Real Estate Bank International – as pbb was formerly known.
In this position he was instrumental in spearheading the company’s investment banking activities across Europe. Thaker was appointed to the board prior to the company’s merger with Hypo Real Estate Bank AG in 2009.
Secure Property chief executive Lambros Anagnostopoulos said: “To have attracted such a longstanding and well-respected real estate professional as Harin as a non-executive board director, and to have access to some of his time, is a real endorsement of the significant financial and operational progress we have made in turning Secure Property around over the last six months.
“Harin’s real estate financing expertise, as well as his extensive experience and contacts in our key markets, will be invaluable in supporting our plans for the company’s future growth and it gives me great pleasure to welcome him to the board.”
Thaker added: “Secure Property is a unique, interesting business with significant growth potential, having undergone considerable changes following the introduction of new management, and I am extremely pleased to be joining the board at such an exciting time in the company’s development.”
Bridget.o’connell@estatesgazette.com
