Caner Takes Stake in Adler’s Investor Aggregate, Becomes CEO (1)

Tycoon Cevdet Canerwill take a stake in Aggregate Holdings SA, once Adler Group SA’s largest shareholder, and become its new chief executive officer.

It’s a surprise move adding a twist to the tumultuous recent history of the real estate investment firm that’s been mired in controversy following an attack from short-seller Viceroy Research in October. Caner, who sits at the center of many of Viceroy’s allegations, has said he advised Aggregate but has denied playing a behind-the-scenes role at Adler.

Cevdet Caner

Photographer: Chris Ratcliffe/Bloomberg

“While the decision to appoint Cevdet Caner as CEO is a recognition of his tremendous contribution ...