High interest rates had a negative impact on the entire real asset sector last year – KGAL’s new business volume also declined from the previous year, at 873 million euros. “Nevertheless, we were able to achieve very good financial results in 2023. It is extremely important for our clients that we, as their asset manager, come through the crisis with confidence and stability,” emphasises Florian Martin, Co-CEO of KGAL. “Thanks to our prudent financial management, we have an excellent basis for focusing intensively on emerging megatrends, such as artificial intelligence, and to take advantage of new opportunities.”

KGAL expects the market to pick up over the course of this year. “With inflation and interest rates having peaked, real assets come back to the fore,” says André Zücker, Co-CEO of KGAL. “In 2024, we will continue to invest in our in-house expertise and digital transformation. After all, the product quality and a clear focus on clients’ needs such as ESG will be even more crucial to our success as an asset manager in the future.”

High level of ESG achieved

In addition to returns, sustainability plays a key role at KGAL. The ESG Office has been continuously strengthened in terms of personnel in recent years. This consistent ESG focus is bearing fruit, as the latest UN PRI rating for responsible investing shows. KGAL has improved its score in all disclosed categories, achieving four to five stars. The scores are well above the PRI median across 3,123 signatories worldwide. Sustainability is now deeply embedded in KGAL’s corporate culture and investment processes.

You can now read the full press release at the link below