Global Asset Solutions launches executive search division

Global Asset Solutions has expanded into executive search, with a business headed by sector expert Margy Mommertz.

Mommertz joins the company as managing partner, Global Asset Solutions Executive Search, as it continues to grow its portfolio of hospitality asset management mandates and expand its team.

Mommertz has several decades of experience in senior executive search and leadership in the hospitality sector across the UAE and wider Middle East, having begun her career with Kingdom Hotel Investments.

Alex Sogno, CEO, Global Asset Solutions, said: “We are thrilled to be working with someone of Margy’s calibre as we build on the expertise we can offer owners.”

“Our decision to move into executive search was driven by growing demand from investors, who are finding it increasingly difficult to recruit in our industry. Hotels are the most complex of asset classes, and driving profitable operations requires the best possible team.”

“With our deep sector knowledge and experience across multiple markets, we believe we are well placed to support owners and investors in this important area.”

Mommertz added: “I am looking forward to working with the team at Global Asset Solutions, supporting owners and investors to provide the leadership they need to optimise their assets. When the right leadership, structure and culture are in place, organisations are better positioned to grow with resilience.” 

The appointment represents the latest step in Global Asset Solutions' long-term growth strategy. Last month the company appointed Jean-Baptiste Ruiz as asset manager, reinforcing its commitment to expanding its global footprint and enhancing the depth of expertise available to hotel owners, investors and lenders.