Aaron Scott, former head of sustainable investments at UBS, is to become the new Head of Strategy and ESG at PATRIZIA.

Working under co-CEO, Thomas Wels, Scott will help drive the company’s Strategy 2023 in which ESG constitutes a key focus. As ESG trends continue to gain momentum, the firm hopes to incorporate such considerations across all of its processes, guiding their sustainable product development.

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Scott’s arrival coincides with Patrizia’s plans to establish their latest office on the Bahnhofstrasse in Zurich, expanding the firm’s global outreach. Comprising of several senior executives, the new team hopes to gain better access to Swiss-based institutional investors.

Zurich represents Patrizia’s 24th office, with the firm already operating across the UK, the US, China, South Korea and several EU countries.

Wels said: “Zurich is an important global financial hub and with our new local office presence there, we can get better access to its global institutional investor network as well as serving our existing clients in Switzerland better. I am very pleased, that Aaron Scott has joined us as our new Head of Strategy & ESG, to help accelerate the implementation of our Strategy 2023. In our blueprint for growth, ESG, sustainable investments and social impact are key strategic focus areas.”

During their AGM in July 2020, the firm’s Founder and primary shareholder, Wolfgang Egger, announced the Strategy 2023 would consist of four key pillars – ‘Simplification’, ‘Services’, ‘Scope’ and ‘Stability’ alongside significant organic and inorganic growth.

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Patrizia manages $53 billion of real estate assets. According to their mission statement, they are conscious that “real estate is one of the largest contributors to worldwide energy consumption and CO2 emissions that drive climate change” and are working to reduce the carbon footprint of their asset portfolio and business operations.