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Press Releases | Dec 12, 2016

Personnel changes for the Helaba Board of Managing Directors

The Board of Public Owners and the Supervisory Board of Helaba Landesbank Hessen-Thüringen adopted the following resolutions on 9 December 2016.

Thomas Groß (51) is confirmed to serve a further term of office as Member and Vice-Chairman of Helaba's Board of Managing Directors. Mr. Groß joined the Helaba Board of Managing Directors in 2012 and has been Vice-Chairman and Chief Risk Officer (CRO) since 1 October 2015. He has special responsibility for the Credit Risk Assessment, Risk Monitoring and Cash Management units. 

Hans-Dieter Kemler (48) is appointed to the Board of Managing Directors. This resolution is conditional on the consent of the national and European banking regulatory authorities. It is intended that Mr. Kemler should take the place of Rainer Krick, who left the Bank's Board of Managing Directors on 31 July 2016 for health reasons, and assume special responsibility for the Capital Markets, Treasury and Asset Management divisions. Mr. Kemler, who has a degree in business administration, has been a member of the Management Board and Head of Financial Markets at Commerzbank AG subsidiary mBank S.A. (Warsaw) since 2009. He began his career in 1990 with Dresdner Bank AG and took up the first of a number of posts within the Commerzbank Group in 1998. He served as Head of Corporate Risk Advisory & Interest Rate Marketing with responsibility for Germany, Austria and Switzerland until 2005 and then became Managing Director of Erste Europäische Pfandbrief- und Kommunalkreditbank AG (Luxembourg), a position he held until 2009.

Jürgen Fenk (50), who has special responsibility within the Helaba Board of Managing Directors for the Real Estate Lending and Real Estate Management divisions, will leave the Board of Managing Directors at his own request and with the full support of his fellow Board members when his mandate expires on 30 September 2017. Fenk served as Executive Vice President of Helaba's international real estate finance arm from July 2009 until August 2010 and returned to Helaba from Austria's BAWAG in 2012. An internationally recognised real estate expert, he now wishes to explore new challenges in the real estate business.

Gerhard Grandke, Executive President of the Savings Bank and Giro Association Hesse-Thuringia and Chairman of the Supervisory Board of Helaba, is enthusiastic about the new appointments: "The arrival of Hans-Dieter Kemler adds a proven capital market and risk expert with international experience to Helaba's Board of Managing Directors. His profile makes him an excellent fit with the institution's conservative, risk-oriented business model." 

"In a difficult market environment dominated by the effects of negative interest rates, ongoing developments in the regulatory sphere and the march of digitalisation, Thomas Groß has had a marked impact on the institution's conservative risk profile over the last four years in his capacity as Chief Risk Officer and deserves a significant share of the credit for Helaba's successful progress over this period," the Chairman of the Supervisory Board explains. "I look forward to continuing our working relationship." 

Grandke greatly regrets the impending loss of Jürgen Fenk: "Helaba's real estate lending business has done very well indeed in the national and international markets under the leadership of Jürgen Fenk and he has made a valuable and lasting contribution to the Bank's bottom line. I would like to thank Mr. Fenk for his outstanding efforts and wish him every success for the future."