Commerzbank AG announced that Commerz Real has appointed Nicole Arnold (42) to the board of managing directors; she took up the position as of 1 January 2023. As the real assets subsidiary of Commerzbank announced, she is succeeding Siegfried Eschen, who has returned to Commerzbank. Nicole Arnold has more than 15 years' experience in the structuring and management of a wide variety of investment vehicles for national and international investors and eight years' management experience at renowned asset managers.

She is joining the company from BNP Paribas Real Estate Investment Management, where she had held the positions of Chief Operating Officer and Chief Financial Officer since January 2020. Prior to this she had spent around seven years at Universal Investment, ultimately as Director Real Estate Investment Management. The graduate in business administration began her professional career in 2004 at the shopping centre operator and project developer ECE Projektmanagement in Hamburg.