Swiss mortgage broker Moneypark is set to launch a new business line, catering to institutional investors.
Moneypark, which so far has concentrated on the brokerage of mortgages to private clients, in the new year will start providing its services to corporate clients as well, it said in a statement today.
«We’ve had increasing demand from institutional investors, who want to invest in large-scale real-estate projects including hospitals or commercial property,» said founder and CEO Stefan Heitmann in the statement.
Three Target Regions
Moneypark put Michael Hartmann in charge of the new unit. The expert in project financing has more than 25 years of experience in banking and the business with corporate customers. He has been a member of the executive committee from the beginning and was part of the team developing the private-clients business.
Moneypark also said that the corporate business will concentrate on three regions in Zurich, Eastern Switzerland and the Mittelland, which covers major urban areas between Zurich and Bern. The regional business structure will be led by Shahram Shad (pictured below), who joined Moneypark four years ago. He previously spent 12 years at Credit Suisse, working as a relationship manager.
Shad will be responsible for the 50 advisers active in the German-speaking part of Switzerland and for the further development of the branches in the three regions. Moneypark has 25 branches in the three areas.
