Swiss private equity investors Corestate has appointed Phillip Burns, formerly a Financial Managing Director at Terra Firma Capital Partners, as Chief Executive Officer.
Burns will join in mid-February and primarily will be based at Corestate’s HQ in Zug, but will split his time between each of the firm’s partner offices in London, Frankfurt and Luxembourg.
Burns brings a wealth of real estate and transaction experience to Corestate having joined Terra Firma in 2002 at the time of its spin out from Nomura, the Japanese investment bank. During his time at the firm he was involved with several transactions in multiple industry sectors, including waste and infrastructure, real estate, credit and, in particular, German residential real estate. He also oversaw the management of Terra Firma’s German office which is based in Frankfurt.
“Phillip brings a strong track record of executing specialised value-add transactions which will complement our own significant experience in this area," says Ralph Winter (pictured), founder of Corestate. "He joins the team at an exciting time in the Company’s development and will oversee the next stage in its growth, building on its business model, ethos and strategy to deliver value to all of Corestates’s investors and stakeholders.”
