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Press release, Hanover, 30 November 2009 Jürgen Allerkamp becomes Chairman of the Management Board at Deutsche Hypo Dr. Jürgen Allerkamp is to take on the role of Chairman of the Management Board at Deutsche Hypothekenbank (Actien-Gesellschaft) in Hanover. The Supervisory Board of the Bank reached this decision on Friday. Since 1998, Allerkamp has been a member of the Management Board of NORD/LB Norddeutsche Landesbank. He holds responsibility for the Finance and Organisation/IT divisions of NORD/LB, among other things. Prior to assuming this position, the 53 year-old jurist and political scientist held various roles at WestLB and Stadtsparkasse Dresden. He will take up his position as Chairman of the Management Board of Deutsche Hypo on 1 February 2010. The Bank is a wholly-owned subsidiary of NORD/LB. “In Dr. Allerkamp, Deutsche Hypo gains a competent and versatile manager who, in his position on the Management Board of NORD/LB, also held responsibility for the Real Estate Banking and Housing Industry divisions for a long time and is therefore extremely familiar with the sector”, explained Dr. Gunter Dunkel, Chairman of the Supervisory Board of Deutsche Hypothekenbank and Chairman of the Management Board of NORD/LB. “On the Management Board of NORD/LB, I have always enjoyed a very good working relationship with Dr. Allerkamp, based on a great deal of trust. He is the right man to position Deutsche Hypo for future success, in line with the Group’s strategy.” The Supervisory Board of NORD/LB will decide who is to replace Dr. Allerkamp on the Bank’s Management Board on 11 January next year. To date, Deutsche Hypo has been led by four members of the Management Board, each holding equal rights. In future, Allerkamp will assume central responsibility for Deutsche Hypo, in his capacity as Chairman of the Management Board. Allerkamp’s appointment comes against the background of forthcoming personnel changes on the Management Board of the Bank. Whilst Andreas Pohl and Andreas Rehfus will remain part of the Bank’s management team, the other board members, Jürgen Grieger and Jürgen Morr, will be leaving the company. In line with his personal future plans, Jürgen Grieger (59) will be retiring on his 60th birthday, on 28 February 2010. The renowned capital market expert has been employed at Deutsche Hypo since 1990 and was appointed to the Management Board in 1996, where his main area of responsibility is the Treasury Division. Moreover, the name Grieger is associated with the successful introduction of the German Pfandbrief Act, which was of great significance for the German Pfandbrief market. Grieger was responsible for the introduction of this Act during his time as President of the former Association of German Mortgage Banks, from 2003 to 2005. Jürgen Morr (54) will be leaving the Bank on 31 March 2010, of his own volition. He joined Deutsche Hypo in 1993 and since then has held managerial roles within the domestic and international commercial real estate financing sector, in both the front and back offices. In 2001, he was appointed to the Management Board of Deutsche Hypo, where his responsibilities include commercial real estate financing. Dr. Dunkel thanked the outgoing members of the Management Board for their successful work. “We would like to thank Mr. Grieger and Mr. Morr for their firm commitment and their many years of successful work for Deutsche Hypo. Their efforts have brought the Bank an outstanding reputation and a great deal of profit. Both have therefore played a significant role in the successful development of Deutsche Hypo’s business model. The Supervisory Board thanks both men for their excellent work and wishes Mr. Grieger and Mr. Morr all the best for the future.” For further information please contact: Markus Nitsche Head of Marketing and Corporate Communications Georgsplatz 8 30159 Hannover Telefon: +49 511 3045-580 Telefax: +49 511 3045-589 E-Mail: Markus.Nitsche@Deutsche-Hypo.de |
