Hungarian investor Diófa Asset Management has appointed new senior officials, including a new CEO, deputy CEO and chairman, the company announced. Following the recently completed acquisition of Diófa, Indotek Group expects the fund manager to secure a substantial market share in Hungary and increase its presence in the CEE region.
Three new officials have been appointed to key positions:
- Márton Oláh, who has 25 years of experience in banking and capital markets, is the new CEO of the company and will also serve as a member of the board of directors. Oláh was previously CEO and board member of FHB Bank Zrt. among others, but he has also served as executive director and board member of Diófa.
- Álmos Mikesy, who has significant business and management experience in venture capital, private equity and M&A, has been appointed Deputy CEO and Member of the Board of Directors. Mikesy had been in various positions with Hiventures Zrt. since 2017 and was deputy CEO of the company for the past two years.
- The new Chairman of the Board is Róbert Barlai, who has nearly 30 years of experience in domestic and regional banking and capital markets. He joined OTP Bank before the 2008 financial crisis and was managing director in charge of establishing and developing its group-level capital market operations until 2019. Barlai was a member of the board of directors of the Budapest Stock Exchange for nearly ten years, ending in 2019, and held various positions in the boards of OTP's subsidiaries.
The acquisition of Diófa, manager of the third largest property fund in Hungary, by investment management group Indotek was closed recently. The objective for Diófa in coming years is to increase its share of the Hungarian market, build positions in the regional markets, and further expand the range of its products and services, the statement said.
Following the recently completed acquisition of Diófa, Indotek Group expects the fund manager to secure a substantial market share in Hungary and increase its presence in the CEE region. The new management has been given a mandate to create and implement a strategy accordingly. As a professional investor, Indotek will support Diófa's goals through its experience in property management. This could lead to a sharp decrease in operating costs, which will translate into higher yields for the customers of Diófa Asset Management, the statement said.
