Frankfurt-headquartered alternative boutique HQ Capital has announced the implementation of a leadership transition plan.
Georg Wunderlin (pictured) becomes HQ Capital’s new CEO, succeeding Ernest Boles. He was hitherto chief operating officer and co-managing director of the company he joined in 2012.
Boles, who has assumed the role of vice chairman, will continue to advise HQ Capital on its operations and will remain part of the firm’s executive management.
He will remain a member of the investment committees for real estate and private equity and manage a number of the firm’s client relationships.
Boles succeeds Marcel Giacometti, who will become Senior Advisor for HQ Capital as of 1 January 2017. Giacometti will still sit in the investment committee for private equity.
HQ Capital has currently over $11bn (€9.85bn) in assets under management.