Board of Directors
Michael Morgenroth (CEO)
Michael Morgenroth is CEO and since the management-buy-out effective July 1, 2013 also controlling shareholder of CAERUS Debt investments AG (formerly known as SIGNA Real Estate Advisory AG). From April 2012 until the successful management-buy-out on June 30, 2013, he has also been managing director at SIGNA Holding GmbH in Vienna. Before joining CAERUS he was a member of Gothaer Asset Management AG’s Management board for eight years with AUM of more than 24 billion Euro. He was responsible for the company’s entire real estate and infrastructure activities where he implemented an exclusively indirect real estate investment strategy with a portfolio of more than 60 investments and an investment volume of more than 2.7 billion Euro. Before joining SIGNA he was Chairman of the Property Commission of German Insurance Association (GDV) as well as member of the INREV management board (European Association for Investors in Non-Listed Real Estate Vehicles (INREV) from 2009 until 2015 and used to be the Chairman between 2010 and 2012. Michael Morgenroth is a Member of the Royal Institute of Chartered Surveyors (MRICS) and has more than 20 years of real estate experience.
Dr. Patrick Züchner (CIO)
Dr. Patrick Züchner is CIO and a shareholder of CAERUS Debt Investments AG. Previously, between 2009 and 2012, as Head of Real Estate at Gothaer Asset Management AG, he was jointly responsible with Michael Morgenroth for Gothaer Versicherung's indirect real estate portfolio, with a total volume of around 2.7 billion Euros. Until 2009, Dr. Züchner worked for the leading European CDO manager Collineo Asset Management, where he defined and established the loan approval and investment process for CMBS and Real Estate Debt. Dr. Patrick Züchner has more than 15 years' experience in the areas of Real Estate, Banking and Private Equity. During this period he has approved and taken responsibility for more than 3.5 billions in mezzanine tranches of European CBBS, as well as almost 200 million Euros in Real Estate Mezzanine Loans.