MAS Real Estate Inc. announced the appointment of Werner Behrens as Chief Executive Office of the company effect from 1 May 2019. Werner has a strong track record as a senior management executive, spanning more than thirty years in a number of corporates, including the Development Bank of Southern Africa, Nedcor Investment Bank ("NIB"), Nedbank and the Regent Insurance Group. Werner served, inter alia, on NIB's executive and investment committees, as chairman of Nedbank Capital's credit committee and more recently on the executive and investment committees of the Regent Insurance Group.

In his various roles, Werner provided strategic organisational direction, oversaw and executed capital allocation and investment as well as provided management and organisational leadership. Malcolm Levy will continue as interim CEO until 1 May 2019 and will be integral to the handover period. When this is complete, Malcolm will transition into a non-executive director role within MAS where the Company will continue to benefit from his experience.