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Supervisory Board

The Supervisory Board of Aareal Bank AG is composed of eight shareholder representatives and four employee representatives. Four shareholder representatives were elected by the Annual General Meeting in 2020. Mr Peters was elected by the 2018 Annual General Meeting until the close of the Annual General Meeting in 2023. Three shareholder representatives were appointed as Supervisory Board members until the next Annual General Meeting of Aareal Bank AG by a binding decision of the Higher Regional Court of Frankfurt/Main dated 14 January 2022. The terms of two shareholder representatives will expire in 2023, and the terms of three other shareholder representatives will expire in 2024. The terms of the employee representatives will expire at the end of the Annual General Meeting in 2025. Therefore, the Supervisory Board has ensured a regular opportunity, at least every three years, to refresh its composition, if necessary.

Born on: 4 July 1956
Nationality: German
Resident in: Frankfurt am Main, Germany
First appointment: 2015
Terms served: 2nd term (2020 – 2024)
Independence: Yes
Committees: Audit Committee (Chairman)
Executive and Nomination Committee (Chairman)
Remuneration Control Committee (Chairman)
Risk Committe
Expertise: Accounting and corporate reporting, assessing the effectiveness of internal control and risk management systems, including in the accounting process, assessing the effectiveness of the governance framework
   
Professional milöestones
Since 2021 Chairman of the Supervisory Board, Aareal Bank AG, Wiesbaden, Germany
Since 2008 Auditor and tax advisor, holds several supervisory board mandates
Since 2008 Professor at the Frankfurt School of Finance & Management, Germany
2002 – 2008 Partner, Global Financial Services and other management functions, Ernst & Young, Frankfurt am Main, Germany
1999 – 2001 Regional Managing Partner Frankfurt and Managing Partner Financial Services Germany, Arthur Andersen GmbH
1998 – 1999 Branch manager Frankfurt, KPMG Deutsche Treuhand-Gesellschaft AG, Germany
1992 – 1997 Partner, KPMG Peat Marwick Treuhand GmbH and the subsequent KPMG Deutsche Treuhand-Gesellschaft AG, Frankfurt am Main, Germany
1983 – 1991 Bank auditor at Peat, Marwick, Mitchell & Co., from 1988 with power of attorney
   
Education
  Chartered accountant
  Accredited tax advisor
  PhD in Economics
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  Squadra Immobilien GmbH & Co. KGaA, member of the Supervisory Board
  PEH Wertpapier AG (publicly listed), member of the Supervisory Board
  capsensixx AG, subsidiary of PEH Wertpapier AG (publicly listed), member of the Supervisory Board*
   

*PEH Wertpapier AG and capsensixx AG belong to the same group of institutions, both directorships are therefore considered to be one acc. to Sec. 25 (3) sentence 3 no. 1 of the KWG

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Born on: 09 April 1970
Nationality: German
Resident in: Eppstein, Germany
First appointment: 2020
Terms served: 1st term (2020 - 2024)
Independence: Yes
Committees: Technology and Innovation Committee (Chairman)
Risk Committee
Expertise: Payment services, digitalisation, IT risk/cyber risk
   
Professional career
Since 2020 Chief Information Officer, 1&1 Telecommunication SE, Montabaur, Germany
2019 – 2020 Chief Technology Officer D/A/CH, Nets Group, Eschborn, Germany
2018 – 2020 Managing Director and Chief Information Officer, Concardis Payment Group, Eschborn, Germany
2015 – 2018 Head of Digital Solutions (Managing Director), Deutsche Bank AG, Frankfurt am Main, Germany
2014 – 2015 Head of Application Development (Managing Director), Deutsche Bank AG, Frankfurt am Main, Germany
2008 – 2014 IT Program Manager (Director), Deutsche Bank AG, Frankfurt am Main, Germany
2006 – 2007 Head IT/Operations, Norisbank GmbH, Frankfurt am Main, Germany
2003 – 2006 IT Portfolio Manager Channels/CRM/Finance, Deutsche Bank AG, Frankfurt am Main, Germany
1998 – 2002 Head of Online Banking Systems, Deutsche Bank AG, Frankfurt am Main, Germany
1991 – 1998 Software Developer and Project Manager, Shared Medical Systems Corporation
   
Education
  Degree in Business Information Systems and Economics, AKAD Hochschule für Berufstätige, Leipzig, Germany
  Training as Computer Science Technician, Ingenieurschule für Elektronik und Informationsverarbeitung, Görlitz, Germany
  Apprenticeship in Electronic Engineering
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  IQ-optimize Software AG, Chairman of the Supervisory Board
   
Additional positions on governing bodies of other organisations
  Drillisch Online GmbH, subsidiary of 1&1 Drillisch AG, Managing Director
  1&1 Telecom GmbH, subsidiary of 1&1 Telecommunication SE, Managing Director
   

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Born on: 7 November 1961
Nationality: German
Resident in: Alfter, Germany
First appointment: 2022
Terms served: 1st term
Independence: Yes
Committees: Audit Committee
Technology and Innovation Committee
Expertise: Banking, legal, compliance & AML, data protection, corporate governance, M&A, regulatory frameworks and requirements
   
Professional milestones
Since 2021 German Lawyer (Rechtsanwalt), Alfter, Germany
2020 General Counsel Private Bank Germany, Deutsche Bank AG, Bonn/Frankfurt, Germany
2018-2020 General Counsel, DB Privat- und Firmenkundenbank AG, Bonn/Frankfurt, Germany
2004-2018 General Counsel, Deutsche Postbank AG, Bonn/Frankfurt, Germany
1999-2004 In-House Counsel, Deputy Head of Group Legal Department, Deutsche Post AG, Bonn, Germany
1994-1999 In-house Counsel, Central Legal Department, Westdeutsche Landesbank Girozentrale, Dusseldorf, Germany
   
Education
  Legal Traineeship at the Higher Regional Courts (Oberlandesgerichte) of Essen and Cologne, Germany
  Master of Law (LL.M.), University of Cambridge, United Kingdom
  Studied law at the University of Munster (Westfälische Wilhelms-Universität) and the University of Freiburg (Albert-Ludwigs-Universität), Germany
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   

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Born on: 18 February 1963
Nationality: German
Resident in: Alzey-Worms district, Germany
First appointment: 2006
Terms served: 4th term (2020 - 2025)
Committees: Technology and Innovation Committee
Expertise: ERP systems, digital products for the housing industry
   
Professional milestones
Since 2002 Full-time Works Council member at Aareon Deutschland GmbH and Chairman of the General Works Council at Aareon Group, Mainz, Germany
Since 1989 Various positions held at Aareon Deutschland GmbH, Mainz, Germany
   
Education
  Economics degree from the University of Bonn (Rheinische Friedrich-Wilhelms-Universität), Germany
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   
Additional positions on governing bodies of other organisations
  Aareon Deutschland GmbH, company of Aareal Bank Group, Deputy Chairman of the Supervisory Board
   

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Born on: 26 January 1968
Nationality: German
Resident in: Groß-Gerau district in Germany
First appointment: 2018
Terms served: 2nd term (2020 - 2025)
Committees: Risk Committee
Audit Committee
Remuneration Control Committee
Expertise: Loan portfolio administration and management, including problem loans and intensive management, risk classification, legal and regulatory requirements for banking, settlement of securitisation transactions
   
Professional milestones
Since 2022 Chairwoman of the General Works Council at Aareal Bank AG, Wiesbaden, Germany
Since 2018 Full-time Works Council member and member of the Economic Committee at Aareal Bank AG, and member of the  Group Works Council at Aareal Bank Group, Wiesbaden, Germany
2018 – 2022 Member of the General Works Council at Aareal Bank AG, Wiesbaden, Germany
1999 – 2018 Various positions at Aareal Bank AG, including Credit Management and Loan Syndication and Securitisation, Wiesbaden, Germany
1999 Attorney at Joachim Lederle law firm
1998 Attorney and specialised commercial lawyer for Sparkasse Bodenwerder
   
Education
  Legal studies and traineeship (First and Second State Examination in law)
  Apprenticeship as a qualified banker
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   

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Born on: 17 May 1973
Nationality: German
Resident in: Mainz, Germany
First appointment: 2020
Terms served: 1st term (2020 - 2025)
Committees: Technology and Innovation Committee
Expertise: ERP, digitalisation issues (especially SAP and GES systems), Aareon's business and products, business process analysis
   
Professional milestones
Since 2010 Member of the Works Council at Aareon Deutschland GmbH, Mainz, Germany
Since 1999 SAP 2nd Level Support FI/CO/KIM at Aareon Deutschland GmbH's SAP/BE Competence Center, Mainz, Germany
   
Education
  Certified Project Management Associate Level D (GPM)
  International Accountant
  Business Administration, Leipzig University, Germany
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   
Additional positions on governing bodies of other organisations
  Aareon Deutschland GmbH, Aareal Bank Group company, member of the Supervisory Board
   

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Born on: 30 October 1957
Nationality: German
Resident in: Schorndorf, Germany
First appointment: 2022
Terms served: 1st term
Independence: Yes
Committees: Remuneration Control Committee (Deputy Chairman)
Risk Committee
Audit Committee
Expertise: Pfandbrief/mortgage banking, commercial property finance, regulatory frameworks and requirements, risk management, capital markets/treasury, strategic planning, M&A, corporate governance, legal, compliance, human resources
   
Professional milestones
Sine 2018 Member of various executive boards
2019-2020 Managing Director, KOFIBA-Kommunalfinanzierungsbank GmbH (formerly Dexia Kommunalbank Deutschland AG), Berlin, Germany
2010-2019 CEO, Dexia Kommunalbank Deutschland AG, Berlin, Germany
2008-2010 Member of the Management Board, Düsseldorfer Hypothekenbank AG, Dusseldorf, Germany
2007-2008 Founder and Managing Director, Sincerum Financial GmbH (consulting company for commercial property financing), Schorndorf, Germany
2003-2007 Member of the Management Board, Münchener Hypothekenbank eG, Munich, Germany
2002-2003 Senior General Manager, Münchener Hypothekenbank eG, Munich, Germany
2000-2002 Head of Treasury, Württembergische Hypothekenbank AG, Stuttgart, Germany
1995-1999 Deputy Head of Treasury, Eurohypo AG, Frankfurt, Germany
1986-1994 Various positions at Frankfurter Hypothekenbank AG, Frankfurt, Germany, DWS Deutsche Gesellschaft für Wertpapiersparen mbH, Frankfurt, Germany, and Deutsche Bank AG, Osnabrück, Germany
   
Education
  Studied business administration at the University of Munster (Westfälische Wilhelms-Universität), Germany
  Banking apprenticeship at Deutsche Bank AG, Osnabrück, Germany
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   
Additional positions on governing bodies of other organisations
  Wirtschaftswissenschaftliche Gesellschaft an der Humboldt-Universität zu Berlin, Member of the Management Board

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Born on: 10 February 1967
Nationality: German
Resident in: Rhein-Lahn district in Germany
First appointment: 2019
Terms served: 2nd term (2020 - 2025)
Committees: Executive and Nomination Committee
Remuneration Control Committee
Expertise: Property financing and risk management systems of credit institutions
   
Professional milestones
Since 2022 Deputy Chairman of the General Works Council at Aareal Bank AG, Wiesbaden, Germany
Since 2018 Chairman of the Group Works Council at Aareal Bank Group, and Chairman of the Works Council at Aareal Bank AG, Wiesbaden, Germany
2018 - 2022 Chairman of the General Works Council at Aareal Bank AG, Wiesbaden, Germany
Since 2013 Full-time Works Council member, Wiesbaden, Germany
Since 1983 Aareal Bank AG and its legal predecessor in various Credit Management positions, Wiesbaden, Germany
   
Education
  Certified banking specialist (Diplom-Bankfachwirt)
  Vocational training as a banker
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   

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Born on: 27 March 1957
Nationality: German
Resident in: Kandel, Germany
First appointment: 2013
Terms served: 2nd term (2018 - 2023)
Independence: Yes
Committees: Executive and Nomination Committee (Deputy Chairman)
Remuneration Control Committee
Expertise: Strategic planning, risk management systems, including remuneration systems which are consistent with the standards defined by such schemes, risk management, treasury, accounting and corporate reporting, IT, transformation and cyber risks
   
Professional milestones
Since 2012 President and Chairman of the Management Board of Versorgungsanstalt des Bundes und der Länder (VBL), responsible for, among other things, organisation, HR, accounting, risk management, including cyber risks and internal audit in Karlsruhe, Germany
1998 - 2012 Member of the VBL Management Board at Versorgungsanstalt des Bundes und der Länder (VBL) responsible for VBL's core business, investments and IT, among other things, Karlsruhe, Germany
1995 – 1997 Head of the Collective Bargaining and Labour Law Department at the Thuringia Ministry of Finance, Germany
1992 – 1995 Human Resources officer at the Regional Tax Office in Erfurt, Germany
1986 – 1992 HHead of the social and wage policies department at the head office of Karstadt AG in Essen, Germany
   
Education
  Legal studies and traineeship
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   
Additional positions on governing bodies of other organisations
  VBLU e.V., Chairman of the Management Board
   

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Born on: 6 July 1950
Nationality: German
Resident in: Main-Kinzig district, Germany
First appointment: 2015
Terms served: 2nd term (2020 – 2023)
Independence: Yes
Committees: Risk Committee (Chairman)
Audit Committee (Deputy Chairman)
Executive and Nomination Committee
Expertise: Strategic planning, structured finance, financial markets, M&A investments, risk management and the assessment and design of risk management systems for lending institutions, including suitable remuneration systems, implementation and monitoring of risk classification procedures, accounting and corporate reporting
   
Professional milestones
Since 2013 Holds several other mandates
2005 – 2013 Chairman of the Board at Credit Agricole Corporate and Investment Bank und Group Senior Country Officer at the Credit Agricole Group in Germany and Austria with affiliated companies such as Amundi, Caceis, CreditPlus and Eurofactor with a focus on corporate financing, capital markets, structured finance and M&A, Frankfurt am Main, Germany
2002 – 2005 Managing Director at Bank of America for Germany, Switzerland and Austria with responsibility for Corporate and Investment Banking, Structured Finance, Equity Linked Products, M&A, Leasing, Frankfurt am Main, Germany
1989 – 2002 Member of the Management Board at JP Morgan AG in Germany and its predecessor banks with a focus on the Corporate Customers, International Business and Investment Banking divisions in Frankfurt am Main, Germany
1978 – 1989 Various management positions at JP Morgan AG and its predecessors, including Credit Analysis, Capital Markets, Structured Finance, Portfolio Management, etc.
   
Education
  Degree in wholesale and foreign trade
  Qualified banker
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  None
   

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Born on: 24 January 1964
Nationality: British/German
Resident in: Surrey, near London, United Kingdom
First appointment: 2015
Terms served: 2nd term (2020 – 2024)
Independence: Yes
Committees: Risk Committee (Deputy Chairman)
Executive and Nomination Committee
Technology and Innovation Committee
Expertise: Strategic planning, property financing, risk management and assessment, as well as the design of risk management systems, including remuneration systems which are consistent with the standards defined by such schemes, legal and regulatory requirements, IT and cyber risks
   
Professional career
Since 2018 External Member, Financial Policy Committee, Bank of England, United Kingdom
Since 2017 External Member, Financial Market Infrastructure Board, Bank of England, United Kingdom
2015 2018 Senior Advisor, Prudential Regulation Authority, Bank of England, United Kingdom
2013 2014 Global COO, member of Global Management Committee and Global Operating Committee, including Strategy / M&A, Real Estate, Finance, Legal, Compliance, Tax, Human Resources, IT, LaSalle Investment Management, London, United Kingdom und Chicago, USA
1988 2012 Various positions in the Investment Banking Division and Global Capital Markets, most recently Chief Operating Officer (COO), Real Estate and Natural Resources, including Strategy/Financial Management, Legal/Compliance, Internal Audit/Operational Risk, Talent Management, Morgan Stanley, London, United Kingdom
   
Education
  Qualified banker, Vereins- und Westbank AG, Hamburg, Germany
  Business adminstration at the Hamburg School of Business, Germany
  Degree in Business Studies, London School of Economics, United Kingdom
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  Alstria office REIT-AG, Member of the Supervisory Board
  Asian Infrastructure Investment Bank (AIIB), non-Executive Director, Board of Directors, external member of the Audit and Risk Committee
  Edinburgh Investment Trust Plc (publicly listed, non-Executive Director, Board of Directors)

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Born on: 18 March 1969
Nationality: German
Resident in: Ettlingen, Germany
First appointment: 2022
Terms served: 1st term
Independence: Yes
Committees Technology and Innovation Committee (Deputy Chairman)
Audit Committee
Expertise: IT organistion in a bank (application development, IT operations, security), accounting, auditing, payment transactions, strategic planning, financial markets, regulatory frameworks and requirements, risk management
   
Professional milestones
Since 2014 Holds several other mandates
2015 – 2021 Deputy Chairman of the Management Board, L-Bank Landeskreditbank Baden-Württemberg - Förderbank, Karlsruhe, Germany
2013 – 2015 Member of the Management Board, L-Bank Landeskreditbank Baden-Württemberg - Förderbank, Karlsruhe, Germany
2012 – 2013 Head of Accounting, Chief Representative, L-Bank Landeskreditbank Baden-Württemberg – Förderbank, Karlsruhe, Germany
2006 – 2012 Partner, Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt, Germany
2004 – 2006 Director, Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt, Germany
2002 – 2004 SSenior Manager, Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt, Germany
1996 – 2002 Audit Assistant, Financial Services, Deloitte & Touche GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt, Deutschland
   
Education
  Doctorate at the Chair of Banking and Finance, University of Bayreuth, Germany
  Chartered Accountant, Hessian Ministry of Economics, Energy, Transport and Housing, Wiesbaden, Germany
  Business studies, University Bayreuth
  Apprenticeship as banker, Deutsche Bank AG, Darmstadt, Germany
   
Memberships in other statutory supervisory boards or similar domestic and international governing bodies according to Section 125 (1) Sentence 5 of the German Public Limited Companies Act
  Member of the Supervisory Board, Sächsische Aufbaubank (SAB), Leipzig, Germany
   

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Supervisory Board Affiliation  
Name Member of the supervisory board since
Prof Dr Hermann Wagner  (Chairman of the Supervisory Board ) 2015
Jana Brendel 2020
Holger Giese 2022
Thomas Hawel 2006
Petra Heinemann-Specht 2018
Jan Lehmann 2020
Friedrich Munsberg 2022
Klaus Novatius 2019
Richard Peters 2013
Sylvia Seignette 2015
Elisabeth Stheeman 2015
Dr Ulrich Theileis 2022