Our Group

The Management

The management is responsible for the strategic direction and leadership for the entire KGAL Group and works closely with the management of KGAL Investment Management & Co. KG and KGAL Capital GmbH & Co. KG.

Chief Executive Officer


Gert Waltenbauer has been the Chief Executive Officer of KGAL GmbH & Co. KG since 18.11.2014. In this role he is responsible for Finance, Human Resources, Marketing & Communications, Audit, General Counsel and Compliance/Anti-Money-Laundering. He joined the KGAL Group on 01.10.1993.


  • Economics degree from Bochum University

Employment before joining KGAL

  • 1991-1992 Svenska Finans Deutschland GmbH, Düsseldorf (leasing subsidiary of Svenska Handelsbanken)
  • 1992-1993 Commerzleasing GmbH, Düsseldorf and Dortmund

Positions at KGAL

  • 1993-2001 Sales Executive and Head of Düsseldorf branch
  • 2001-2006 Director of Business Developement / Sales
  • 2007-2014 Managing Director

Chief Investment Officer


Dr Klaus Wolf is Chief Investment Officer of KGAL GmbH & Co. KG and responsible for new product development. Dr Wolf has been with KGAL Group since 1st January 1992.


  • 1990 Degree in Business Administration (Finance and Statistical Procedures), University of Augsburg (Diplom-Kaufmann)
  • 1991 MBA, Katz Graduate School of Business, Pittsburgh, PA
  • 1996 Ph.D. (Dr. rer. pol.) in Finance/Aviation Leasing, University of Erlangen-Nürnberg

Experience at KGAL (Prior to Management)

  • 1992-2003 Employee and Transaction Manager for Aviation and Renewable Energy
  • 2004-2006 Division Manager Aviation, Infrastructure and Shipping

Experience at KGAL (Management)

  • 2007-2013 Managing Director responsible for Aviation, Infrastructure, Shipping and Production services
  • 2013-02/2015 Managing Director at KGAL I.M., the KAGB-regulated part of the KGAL group, still responsible for Aviation, Infrastructure and Shipping
  • since 03/2015 Chief Investment Officer der KGAL GmbH & Co. KG

Chief Operating Officer


Stefan Ziegler is a Chief Operating Officer of KGAL GmbH & Co. KG, responsible for the departments Processes, Structured Finance & SPV Management, Investor Services and IT. Mr. Ziegler has been with KGAL Group since June 1st, 1992.


  • 1987 Graduation as bank clerk after apprenticeship at Deutsche Bank AG, Offenburg
  • 1992 Degree as MBA (Diplom-Kaufmann), Studies of Economics at the University of Augsburg

Positions with KGAL (Previous to Management)

  • 1992-1999 Employee, Project Manager and Transaction Manager, department Movable Assets
  • 1999-2006 Division Manager, department Movable Assets I

Positions with KGAL (Management)

  • 2007-2013 Managing Director, responsible for the departments Real Estate, Managed Products and Structuring
  • 2013-02/2015 Managing Director at KGAL Investment Management GmbH & Co. KG, the KAGB-regulated part of the KGAL Group, still responsible for Real Estate and Managed Products
  • since 03/2015 Chief Operating Officer of KGAL GmbH & Co. KG