The family behind C&A is reorganizing its billion-dollar empire – and is having an outsider manage the fortune
With German Georg Wunderlin, the first outsider takes over the management of the investment company of the Brenninkmeijer clan. The new boss is supposed to accelerate the restructuring.
Georg Wunderlin, a German national, has taken over as CEO of Cofra, a holding company of the Brenninkmeijer family, marking the first time a non-family member has led the company. The Brenninkmeijers, one of Germany's wealthiest families, have a estimated fortune of 12.7 billion euros and their wealth is primarily invested in three companies: Bregal, Redevco, and Anthos.
Wunderlin, who previously worked at Schroders and UBS, is expected to drive the transformation of Cofra into an investment company that allows external partners to invest. The company's goal is to reach 60 billion euros in assets under management in the medium term, with current assets estimated at around 40 billion euros.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Assets: After Death – Sometimes the Last Will Needs a Lawyer handelsblatt.com
