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Management Board


Christian Windfuhr

The Board of Directors resolved to delegate the daily management of the Company to Mr Christian Windfuhr, as Daily Manager (administrateur-délégué) of the Company, under the endorsed denomination (Zusatzbezeichnung) Chief Executive Officer (CEO) for an undetermined period.
Before joining Grand City Mr. Windfuhr served as CEO of Maritim Hotels with 40 hotels inside and outside Germany. Prior to this he served as CEO of Mövenpick hotels, where he achieved the financial turnaround of the company, drove international expansion, publicly listed the company, and worked out a strategic partnership with Kingdom Holding (HRH Price Alwaleed) and JP Morgan. He also served as Director of TUI, Europe’s largest tour operator. He served in high positions in Holiday Inn, Kempinski, and Southern Sun. Mr. Windfuhr graduated at Cornell University, USA.

Board of Directors

Refael Zamir

Director, Chairman, CFO

Mr Zamir is Grand City’s CFO and Chairman of the Board. Mr. Zamir had over 10 years of international experience in finance and accounting. Before joining GCP at the beginning of 2013,, Mr Zamir served as a manager for Ernst & Young in the real-estate and financial institutions sectors. Mr Zamir is a CPA and holds a BA and MBA in finance and business administration.

Simone Runge-Brandner

Independent Director

Mrs Runge is an independent Director and member of the audit committee. Her past positions include Deal Manager (Director) at UBS Deutschland AG, Vice President Real Estate Finance / Investment Funds, Credit Manager at Dekabank Frankfurt and Credit Manager Real Estate Finance at Helaba Frankfurt. Mrs Runge-Brandner has a diploma in International business administration.

Daniel Malkin

Independent Director

Mr. Malkin is an independent Director and member of the audit committee. Before joining Grand City, he served as an independent Investment & Fund Manager of fixed income investment funds at Excellence Investment Bank. He olds a BA in Business Administration.

Advisory Board

The Board of Directors established an Advisory Board to provide expert advice and assistance to the Board of Directors. The Board of Directors decides on the composition, tasks, and term of the Advisory Board as well as the appointment and dismissal of its members. The Advisory Board has no statutory powers under Luxembourg law or the articles of incorporation of the Company but applies rules adopted by the Board of Directors. The Advisory Board is an important source of guidance for the Board of Directors when making strategic decisions.

Yakir Gabay


Mr. Gabay is the chairman of the Advisory Board. Before GCP, Mr. Gabay was chairman & managing partner of an investment company, which managed over $30 billion of assets, and before that he was the CEO of the investment banking of Bank Leumi. Mr. Gabay holds a MBA and BA in Accounting / Economics and is a CPA.

Andrew Wallis

Vice Chairman

Mr. Wallis was owner and CEO of a large German property management company. Previously he spent 10 years as an investment banker in the city of London for Merrill Lynch and JP Morgan. Mr. Wallis holds an MBA and a CFA.

Claudio Jarczyk


Prior to GCP, Mr. Jarczyk served as an Executive Director at BerlinHyp Bank specializing in real estate financing with focus on international clients, as a Chief International Executive at Landesbank Berlin and as an International Division-Department Manager at Bayrische Vereinsbank Munich. Mr. Jarczyk holds a Dipl.Kfm. / M.B.A. at Munich University.