GERMANY – US alternative investment firm Fortress Investment Group is expanding into Germany, appointing Matthias Moser to head up the move.

Moser has been appointed as managing director for the German business, and will join the company in January. The Frankfurt office was opened earlier this year, and currently has a team of five working there.

Prior to joining Fortress Moser was managing director of Terra Firma for more than three years. During that time, Moser and his partners completed a number of private equity transactions including the purchase of 64,000 residential units from the German federal government for a price of more than 2.2 billion dollars (1.9 billion euros).

Before Terra Firma, Moser was co-head of Project Finance at Deutsche Bank in Frankfurt.

Fortress Investment Group has three alternative investment businesses: private equity, real estate securities, and hedge funds. Worldwide the company has over 4.7 billion dollars (4.09 billion euros) in equity capital under management. Fortress has offices in New York, London, Rome and Geneva in addition to Frankfurt.