The Grounds appoints Andrew Wallis as Chief Financial Officer

The Supervisory Board of The Grounds Real Estate Development AG has appointed Andrew Wallis as the company’s Chief Financial Officer (CFO), effective 1 March 2025. Wallis will join CEO Jacopo Mingazzini in leading the company, restoring the Management Board to two members after Mingazzini had temporarily overseen operations alone since May 2023.

Wallis brings extensive experience in real estate and finance, having previously held positions at Merrill Lynch, JP Morgan, and HSBC. Between 2014 and 2020, he served as Deputy CEO of Aroundtown S.A. in Berlin. Since 2020, he has worked as a consultant on mergers and acquisitions and has taken on interim management and board roles in restructuring projects.

Commenting on the appointment, Dr. Peter Maser, Chairman of the Supervisory Board, emphasized Wallis’s expertise and leadership background. “With Andrew Wallis, we are gaining a seasoned professional with over 30 years of experience in real estate and finance. His industry knowledge and management expertise will support the continued growth of The Grounds,” Maser stated.

The appointment marks a strategic move for the company as it aims to strengthen its leadership team and reinforce its position in the real estate sector.