Czech Valuation Forum

Director of Technical Standards, Tangible Assets Board, IVSC

Alexander Aronsohn FRICS is a chartered surveyor with long and wide ranging experience encompassing residential asset management, commercial and residential development, rating, national and international valuation and investment. He has worked as a property professional for over twenty years in a number of different specialisms, including at DTZ where he became an associate director in both their international valuation and international investment teams, focussing on cross border portfolio valuation and investment. He has also run his own consultancy firm which provided international valuation and investment advice to a number of high profile clients and surveying firms.

Alexander joined the IVSC as Director of Technical Standards (Tangible Assets) in 2019. Prior to this he was Director of Technical Standards at the Royal Institution of Chartered Surveyors (RICS), where he also sat on various valuation boards and working groups.

Standards Review Board, IVSC
CEO, José Covas Real Estate

José Covas is the Founder and CEO of José Covas Real Estate, a Portuguese Family Office and Advisory firm. With nearly 30 years of experience in real estate, he is a recognized authority in investment advisory, valuation, and strategic planning. His leadership roles at Colliers, Cushman & Wakefield, and Knight Frank, as well as his founding role at Aura REE, have positioned him as a trusted advisor in Southern European real estate, particularly in distressed investment opportunities.
Mr. Covas is also deeply involved in academia and institutional leadership. He lectures on valuation and ethics at top Portuguese universities and serves as President of RICS Portugal and a Board Member of the IVSC Standards Review Board. His deep market insight and international credentials make him a highly regarded expert in the European real estate sector.

Director Valuation & Modelling, Deloitte

Petr is a Director in the Financial Advisory department at Deloitte Czech Republic. He provides services in business valuation and financial modelling. Petr joined Deloitte in 2006 and specializes in valuations in the energy sector and intangible assets. Prior to joining Deloitte, he worked as a senior analyst at the investment banking group J&T. He holds a postgraduate degree in Finance from the University of Economics in Prague. Petr is a certified expert specializing in business valuation, including business units and intangible assets, and is a member of Deloitte’s Global Valuation Technical Committee.

Rector of VŠE

Peter Dvořák is a Czech economist and academic who specializes in commercial banking and financial derivatives. Since 2022 Peter serves as Rector of the Prague University of Economics and Business. As the main author or co-author, Peter published ten monographs and textbooks, about thirty articles in Czech and international academic journals, and thirteen research studies. Peter is a member of the Appellate Committee of the Czech National Bank and the Scientific Council of the Czech Banking Association, while he also serves on various academic boards including the Scientific Boards of the Prague University of Economics and Business and of the Faculty of National Economy at the University of Economics in Bratislava. Additionally, Peter is a member of the editorial board of the journal Banking.

Interim Chairman Of The Advisory Board, RICS
Partner, Head of Sustainability & ESG, CEE, Cushman & Wakefield

Stefan is a pre-eminent leader in the Sustainability and Property Management industry, and at Cushman & Wakefield he is coordinating and expanding the firm’s Sustainability and ESG teams in CEE region and Germany. He is a member of Cushman & Wakefield’s EMEA Sustainability Leaders Board which is responsible for driving Sustainability services, sharing best practice, knowledge, and service unification for clients across the entire EMEA region.  Besides Cushman & Wakefield’s EMEA committee, Stefan is also a member of the RICS European Sustainability Working Group.

With over 24 years of real estate experience, Stefan has spent the last 14 years in CEE & Germany. He is a lecturer at the MBARE at Prague University of Economics & Business, a RICS qualified FM professional and Chairman of the Advisory Board of RICS Czech Republic

Advisory Board of the Ministry of Justice
Partner, TPA Valuation & Advisory s.r.o.

Jiří Hlaváč is a partner at TPA Group (member of Baker Tilly International) and a graduate of the Prague University of Economics and Business. He is a certified auditor, tax advisor, and expert witness in economics, including valuation of business, real estate, and intangible assets, finance, transfer pricing and accounting. He specializes in business and real estate valuations, M&A advisory, transaction structuring, and corporate restructurings. He focuses on expert opinions and reports for court proceedings and arbitrations.
He serves as a member of the Advisory Board of the Ministry of Justice and as an examiner for expert witnesses and insolvency administrators. Since 2004, he has lectured at the Prague University of Economics and Business and regularly contributes to professional publications. He is the author of Mergers and Acquisitions – The Process of Buying and Selling Companies and co-author of commentaries on the Income Tax Act and the Transformations Act. He is a member of the Turnaround Management Association.
He has been recognized multiple times in the „Tax Advisor & Tax Firm of the Year“ awards, including in the categories of M&A and transfer pricing.

Richard Hogg, Head of Valuation & Advisory CEE, Cushman & Wakefield

Richard Hogg has been active in the CEE real estate market since 1999 and has led the Czech Cushman & Wakefield Valuation & Advisory business since 2007. Most recently, his focus has been managing and coordinating key CEE valuation mandates.
Richard cooperates closely with Cushman & Wakefield’s Valuation & Advisory country leaders to develop the company’s service offer.
Richard is an RICS Chartered Surveyor and a HypZert Certified Valuer.

Asia Director and Technical Director, Business Valuation Board, IVSC

Nicholas brings three decades of capital markets, corporate finance and valuation experience and will lead the IVSC’s growth across the region, with a focus on business valuation and intangibles.  In his role as IVSC Asia Director, Nicolas leads IVSC’s market outreach and engagement with member and sponsor organisations, as well governments and regulatory entities across Asia.
Nicolas was previously the Managing Director (Valuations) at EverEdge Global, a consultancy specializing in intangible assets.
Nicolas is a Chartered Financial Analyst (CFA) and a Chartered Valuer and Appraiser (CVA). He is an Associate Member of the American Society of Appraisers (ASA).

Department of Business Valuation, VŠE
Financial Instruments Board, IVSC

Dr. Tomas Krabec is an Associate Professor of business valuation at the Prague University of Economics and Business. He serves as the Chairman of the Advisory Board for Forensic Economics to the Ministry of Justice of the Czech Republic.

With a distinguished career as an advisor and fully qualified expert witness, Dr. Krabec specializes in various aspects of valuation, including business valuation, valuation of financial instruments, and valuation review. His expertise demonstrates within the judicial process, where he has provided expert opinions and reports for governments, publicly traded multinational corporations, and SMEs both within the Central and Eastern European region and internationally. Dr. Krabec particularly specializes in handling diverse and complex consulting assignments related to valuation review and reconciliation.

Dr. Krabec’s dedication to advancing the dialogue around valuation practices is evident through his substantial publishing and public speaking track record. As an unwavering advocate for the advancement of valuation standards, he consistently strives to disseminate knowledge and foster understanding in this field, both nationally and internationally.

Dr. Krabec’s academic journey includes a Master’s Degree in Economics and a PhD in Accounting and Business Valuation from the Prague University of Economics and Business, complemented by an MBA in International Business from the MIB School of Management in Trieste, Italy.

Senior Director, Head of Valuation CEE & SEE, iO Partners

Jaroslav is responsible for the delivery of valuation advice for a wide range of purposes to investment funds, banks, developers, owner-occupiers and private investors.
He supplies advice to clients on strategy, the market, supply/demand issues as well as portfolio analysis, forecasting and due diligence for both purchase and sale. For owner-occupiers he provides asset valuations and views on alternative / best uses for their property. Jaroslav is leading a team of 5 valuers in Hungary and oversee 20 valuers in CEE/SEE region.
Extensive experience in working within real estate in the CEE and SEE region, having previously worked for KNIGHT FRANK Prague and DTZ Budapest as regional transactions manager, managing several disposals including large portfolios, i.e. Telefonica O2 (1.000.000 m2), Erste Bank (300.000m2), KBC Bank (100,000m2), The Park I. & II. (100.000m2), including leaseback and strategic advice.
Since 2008, Jaroslav is heading Valuation department at Jones Lang LaSalle Hungary. Main clients include GTC, Granit Polus, Immofinaz, CA Immo, CPI, VGP, ECE, Indotek, HB Reavis, Supernova and others.

Vice Chairman of Working Group for Real Estate Valution, Czech Banking Association

Pavel Krchňák is a senior expert in real estate market analysis, development, and property valuation in the CEE region. As part of the MBARE program, he lectures on Ethical Conduct.
Since 2016, he has been with the Austrian banking group Oberbank AG, where he leads the property valuation team in the Czech Republic. He is a certified valuer, a member of the Royal Institution of Chartered Surveyors (RICS), and actively contributes to the Czech Banking Association’s working group on real estate valuation.
Pavel holds degrees from Palacký University in Olomouc, Masaryk University in Brno, and the Institute of Real Estate Valuation at the University of Economics in Prague. He began his career in 2011, specializing in international portfolio and banking valuations at DTZ and Cushman & Wakefield in Prague and London.
His recent focus is on setting valuation best practices and standards, as well as analyzing the impact of sustainability strategies and green certifications on property value. He is a regular speaker at Czech real estate conferences and a contributor to professional journals.

Partner, EVI

Prior to founding EVI, Jan was a partner in Deloitte, leading the valuation and financial modelling team for Central and Eastern Europe. At the beginning of his career, he worked as a management consultant, portfolio manager and broker on the Prague Stock Exchange. He has more than 20 years of experience in valuation of companies and other assets, litigation, financial modelling, transfer pricing, competition economics, and other financial analyses in Europe, Asia, America and Africa.
​Jan is a court sworn expert specializing in business valuation. Jan also acted as the first president of the European Chapter of ASA (American Society of Appraisers) and a member of the Business Valuation Standards Board at the IVSC, which issues the International Valuation Standards. He has also led the Czech translations of the International Valuation Standards.
​Jan is a graduate of the master’s program in economics and finance at the Faculty of Social Sciences, Charles University in Prague. He is a member of the Advisory Board of the Institute of Economic Studies at Charles University. Jan has lectured at valuation conferences, at the Charles University, the University of Economics and the Judicial Academy.

Business Valuation Board, IVSC

He is a member of the CA ANZ Business Valuation Committee with over 12 years of experience in valuations and forensic accounting, gained through roles across Australia and South Korea. Also experience in complex cross-border valuations, dispute resolution, and data analytics.
He has a strong interest in how Data & Analytics and Generative AI are transforming the way we deliver insights—enhancing both their depth and quality, while enabling us to focus more on high-value strategic work.
He is particularly enthusiastic about the ongoing evolution of FinTech, Artificial Intelligence, Big Data, and Cloud Computing, and welcomes opportunities to connect with professionals who share these interests.

Director of the Department of Accounting, Valuation, and Related Professional Fields, Ministery of Finance
Department of Financial Accounting & Auditing, VŠE

Jiří Pelák is a lecturer at the Department of Financial Accounting at the Prague University of Economics and Business and has long been active in the field of audit and financial reporting. Since 2016, he has served as Vice President of the Chamber of Auditors of the Czech Republic. His professional focus includes international financial reporting (IFRS, IPSAS), business combinations, corporate transformations, and the interpretation of accounting regulations.
He has contributed to numerous expert publications and translations, including the Czech editions of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS). Within the Chamber of Auditors, he serves as an examiner, Chair of the External Relations Committee, and a member of the editorial boards of Auditor magazine and the committee for translating international auditing standards.
He gained international experience through academic stays at Copenhagen Business School and St. Mark’s International College in Sydney. He is an ACCA-certified IFRS trainer and a member of the European Accounting Association (EAA).

Partner, Grant Thornton

At the University of Economics in Prague (VŠE), he teaches courses specialized in business valuation and corporate finance, including in English. He is also involved in the development of real estate valuation education at VŠE. Additionally, he lectures in MBA programs, for KAČR, and others. He regularly publishes in Czech professional journals. Alongside his academic work, František focuses on the field of expert valuation and appraisal, and provides consulting and valuation services for businesses.

Head of the Department of Business Valuation, VŠE

Barbora focuses her teaching on business valuation and corporate finance and serves as the course leader for Corporate Finance in the international master’s program MIFA.
Barbora is the Academic Director of the MBA program Real Estate and Valuation, which she co-founded with colleagues at the Faculty of Finance and Accounting at the University of Economics, Prague. The program has received international professional accreditation from RICS and has attracted significant interest from stakeholders in the real estate market.
She is a certified expert in the valuation of businesses, securities, and intangible assets. From 2010 to 2020, she was a member of the advisory board of experts for business and movable property valuation at the Regional Court in Prague. In 2021, she was appointed to the advisory board at the Ministry of Justice of the Czech Republic, where she also reviews and comments on draft legislation. Additionally, she performs oversight activities for the Public Oversight Board for Auditing.

Vice Chair, Financial Instruments Board, IVSC

Doug Summa is a former PwC Partner with over thirty-five years of experience advising clients on a spectrum of risk management and capital measurement issues related to trading activities. Mr. Summa has assisted numerous global financial institutions with the development of risk management frameworks and in the successful implementation and execution of a best-practices approach to management and measurement of market, credit and operational risk. He has extensive knowledge of the capital markets, cash and derivative products and related trading strategies. Mr. Summa’s clients have included a broad range of financial services companies including global and regional banks, insurance companies, mutual and hedge funds. He has advised clients on risk measurement and management techniques for market and credit risk, limit setting, valuation, risk and capital models, capital attribution and performance evaluation. He received his MBA and BA from Columbia University and is a board member of the International Association of Quantitative Finance.

Chief Executive Officer, IVSC

Nick worked in various senior client facing and internal roles at EY and KPMG between 1998 and 2011. Appointed CEO by the IVSC Board in 2016. Since joining the IVSC, Nick has overseen the introduction of technical standards boards for all valuation asset classes. Nick has placed a strong focus on the adoption of IVS which has seen its use increase significantly throughout the world over recent years. He has led efforts to foster and enhance partnerships and collaboration with governments, leading financial and market regulators and other global standards setters. Nick has also overseen a strong growth in the IVSC’s member network, which has almost doubled since 2015 and now includes prominent organisations in all regions of the world.