DGAP-News: Altira Group: Michael Rieder becomes new Chairman/CEO

 | Source: EQS Group AG EQS Group AG 

Altira AG / Miscellaneous/Miscellaneous

08.02.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Michael Rieder (33) becomes the new Chairman/CEO of the Altira Group as of 
15 February 2008 with responsibility for Sales & Sales Controlling,
Marketing, PR and Human Resources.

A qualified banker, with a degree in economics, Michael Rieder has worked
for Morgan Stanley Investment Management in Frankfurt since 2001, most
recently being responsible for the Corporate Client and Selected Private
and Commercial Bank divisions as Executive Director Germany. Prior to that,
he was with Allianz Asset Management in the Corporate Client division in
Munich between 1999 and 2001. He also worked for large corporations as well
as owner-managed companies. Secondments in New York (USA) and Mumbai
(India) have provided him with valuable international experience.

Peter Brumm (formerly CEO) will continue to be responsible for Finance and
Risk Management. Andreas Lange as Chief Investment Officer (CIO) will
continue to be responsible for Investment Strategies, and Christian
Angermayer will be responsible for Business Development and Investor
Relations.

At his own request, Michael Hallacker is stepping down from the board of
the Altira Group and from the board of the subsidiary VCH Investment Group
AG as of 29.2.2008 to devote himself to other tasks. He will remain on good
terms with the Company as a consultant.

The Company will in future be consolidating the core areas of Sales & Sales
Controlling, Marketing, Human Resources and Public Relations under one
chairman. This takes account of the Group’s successful growth: In the last
two years, assets under management rose from € 0.4 billion to € 1.1 billion
and the number of employees from 28 to 60. In addition to its head office
in Frankfurt, the Altira Group has international offices in London, Zurich,
Vienna, Kigali, Mumbai and Beijing. The consolidation of all the
organisational divisions under one chairman should accelerate the
integration of the core areas, strengthen customer service and consequently
make it possible in future to serve customers with solutions tailored to
their various wishes.

Christian Angermayer explains: 'We are very happy to have Michael Rieder on
board. He is a colleague whose presence will complement the three founding
board members. We are on the right path to developing Altira Group into one
of the largest independent asset managers in Germany within the next few
years. Despite the international financial crisis, we expect that 2008 will
presumably be the most successful year in our company’s history. We express
our heartfelt thanks to Michael Hallacker for having helped decisively in
shaping the Altira Group in this way.' 

Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Leiter Investor Relations
Tel: +49 69 719 159 66 405
E-Mail: juan.rodriguez@altira-group.de


DGAP 08.02.2008 
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Language:     English
Issuer:       Altira AG
              Grüneburgweg 18
              60322 Frankfurt / Main
              Deutschland
Phone:        +49 (0)69 719 159 66 - 0
Fax:          +49 (0)69 719 159 66 - 11
E-mail:       info@altira-group.de
Internet:     www.altira-group.de
ISIN:         DE0001218063
WKN:          121806
Listed:       Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
              in Frankfurt
End of News                                     DGAP News-Service
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