Petr Fusek joins Caerus as Senior Manager of Finance & Administration

Prague, 1st November 2016 – Caerus Investment Management has today announced the appointment of former Česká Spořitelna Asset Management professional Petr Fusek, as Senior Manager of Finance and Administration, based in Prague Czech Republic. Mr. Fusek’s timely appointment was made to enhance Caerus’ internal accounting and SPV administration capabilities following an acquisitive 2016 which saw our firm’s Assets under Management (AuM) substantially increase.

Mr. Fusek will be primarily responsible for the internal financial administration, tax compliance and periodic financial reporting for all properties in Caerus’ Central Eastern European (CEE) real estate portfolio and has also been appointed as a member of our firm’s Audit, Risk and Compliance Committee. Additionally, Mr. Fusek will support our ongoing regulatory compliance requirements to the UK Financial Conduct Authority following our firm’s authorization as a full-scope Alternative Investment Fund Manager (AIFM) earlier this year.

Prior to joining Caerus in late 2016, Mr. Fusek was with the closed-end real estate fund and asset management arm of Česká Spořitelna (Czech Republic’s largest bank and a subsidiary of Austria’s Erste Bank) operating across the CEE region.

From 2011 to mid-2016, Mr. Fusek was Senior Financial Controller at Česká Spořitelna’s CEE Property Development Portfolio 2 a.s. (CPDP 2), a circa €800m closed-end real estate fund that invested across offices, retail and land where his responsibilities included that of; group reporting (IAS/IFRS), budgeting and forecasting, monthly, quarterly and yearly closings and asset-level reporting while also having lead roles in asset sales, SPV mergers, demergers, asset revaluations, cost controlling, tax planning, loan facility reviews, hedging, derivatives and insurance. In such role, he managed an accounting team of five professionals.

Prior to CPDP2, from 2007 to 2011 Mr. Fusek was with CEE Asset Management s.r.o. (a division of Sekyra Group) where he was Financial Controller of Sekyra’s CEE Property Development Fund B.V., a €400m closed-end real estate fund investing across office, retail, land and development. Prior to Sekyra, he held another financial controller position after commencing his accounting career with Accenture.

Mr. Fusek holds a Master of Business Economics and Finance degree together with a Bachelor of Management and Economics, both from Tomas Bata University (Zlín), while his professional memberships include that of a member of the Association of Czech Chartered Certified Accountants. He speaks fluent English, Czech, Spanish and conversational German.

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