News Article career Hungary investment OTP
by Property Forum | Career

Gergely Biró is the new CEO of Hungary’s OTP Real Estate Fund Management. The aim of the change is to further increase the fund manager's share in the domestic market with new, innovative investment solutions following the consolidation of the portfolio and to enter the regional markets with its products in the coming years.

Gergely Biró has been working in senior positions in the financial sector for 25 years. He started his career as a senior analyst at Dunaholding Brókerház and over the past ten years has been associated with Diófa Fund Management Ltd., which under his leadership has grown from a marginal player to one of the leading fund managers in Hungary.

OTP Real Estate Investment Fund Management manages a number of real estate funds to meet the needs of its retail and institutional clients, with a combined asset value of more than HUF 620 billion. In recent years, the company has completed a number of landmark real estate investment transactions (such as the acquisition of MOM Park, the Roosevelt Office Building and the Corvin Quarter office buildings). Following the dynamic growth of the portfolio, a period of consolidation has started, while the coronavirus pandemic and changing regulatory requirements have created new challenges for domestic real estate funds.

The OTP Group places a high priority on serving retail clients with real estate investment products and sees further growth opportunities in the real estate funds market. The aim of the change is that. Under the leadership of the new CEO, the Fund Manager will offer new investment products and further increase its weight in the Hungarian savings market following the consolidation of the portfolio. In the coming years, OTP Real Estate Investment Fund Management intends to become an active player in both the real estate investment and savings markets outside Hungary.

Gergely Biró succeeds Dr. Nándor Tóth as CEO of OTP Real Estate Investment Fund Management, who has been involved in the organisation's development as Deputy CEO since September 2016 and has been leading it as CEO since September 2018.