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Supervisory Board

The Supervisory Board of Aareal Bank AG is composed of eight shareholder representatives and four employee representatives. Two shareholder representatives were elected by the Annual General Meeting in 2020. At the Annual General Meeting on 31 August 2022, six shareholder representatives were elected. The term of one shareholder representatives will expire in 2023, of three other shareholder representatives in 2024 and of five other shareholder representatives in 2026. The term 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 to refresh its composition, if necessary.

Date of birth: 4 July 1956
Nationality: German
Residence: Frankfurt am Main, Germany
First appointment: 2015
Terms served: 2nd term (2020 – 2024)
Committees: Executive and Nomination Committee (Chairman)
Audit Committee (Chairman)
Remuneration Control Committee (Chairman)
Risk Committee
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 milestones
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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Date of birth: 17 August 1964
Nationality: Spanish
Residence: Madrid, Spain
First appointment: 2022
Terms served: 1st term (2022 – 2026)
Committees: Audit Committee (Deputy Chairman)
Executive and Nomination Committee
Technology and Innovation Committee
Expertise: Banking, Risk Management, Accounting, Corporate Governance, M&A, strategic planning
   
Professional milestones
2012-2021 Chief Executive Officer of Bankia, Chair of its Risk Committee and Board Member at BFA Tenedora de Acciones SAU, Madrid, Spain 
1997-2009 Member of the Management Committee of BBVA Group, Spain, and Board Member at BBVA Bancomer, BBVA, Mexico
1995-1997 Senior Equity Analyst of European banks, Merrill Lynch
1989-1995 Analyst of Spanish Banks and Head of the Equity Analysis department, FG Inversiones Bursátiles
1988-1989 Junior Auditor, Arthur Andersen
   
Education
  Degree in Economics and Business Administration, CUNEF Madrid, Spain 
   
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
  Renta 4 Banco, Madrid, Spain, Non-Executive Director of the Board of Directors
  Teide Ltd., Singapore, Non-Executive Director of the Board of Directors
   

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Date of birth: 6 May 1960
Nationality: German
Residence: Zell, Munich district, Germany
First appointment: 2022
Terms served: 1st term (2022 – 2026)
Committees: Audit Committee
Risk Committee
Remuneration Committee
Expertise: Risk management, banking business, real estate financing, corporate governance
   
Professional milestones
Since 2009 Holds several other mandates 
2006–2009 Member of the Management Board and Group Chief Risk Officer, UniCredit S.p.A, Milano, Italy and UniCredit Bank AG, Munich, Germany
2004–2006 Chief Credit Risk Officer and Divisional Board Member, HypoVereinsbank AG, Munich, Germany
2000–2004 Group Head Restructuring and Workout, HypoVereinsbank AG, Munich, Germany
1985–2000 Different positions in Risk Management and Corporates, HypoVereinsbank AG, Munich, Germany
   
Education
  Business Administration (Diplom-Kaufmann), Ludwig-Maximilians-University, Munich, 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
  The Social Chain AG, Vice-Chairman of the Supervisory Board
  The Social Chain Group AG*, Vice-Chairman of the Supervisory Board
  Linde + Wiemann Holding SE, Vice-Chairman of the Supervisory Board
  Erste Abwicklungsanstalt AöR, Member of Supervisory Board
  *Investment company of The Social Chain AG
   
Additional positions on governing bodies of other organisations
  Airbus Bank GmbH, Member of Supervisory Board 

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Date of birth: 9 November 1955
Nationality: British
Residence: Chalfont St Giles, United Kingdom
First appointment: 2022
Terms served: 1st term (2022 – 2024)
Committees: Risk Committee (Deputy Chairman)
Technology and Innovation Committee
Remuneration Committee
Expertise: Banking, Risk Management, M&A, Technology/IT Security
   
Professional milestones
Since 2016 Holds several other mandates
2007-2016 Chief Risk Officer, Global Consumer Banking, GE Capital
2001-2007 Chief Risk Officer, Private and Business Clients (“PBC”), Deutsche Bank
1985-2001 Several positions, e.g. UK Diners business; Credit Officer for visa card businesses in Belgium, Spain, Germany and Greece; Credit Director for the German cards business; Business Manager for the operations company; Management Board Member for Risk, HR and Operations, Citibank
1978-1985 Several positions, Welbeck Finance
1974-1978 Junior Clerk, Barclays Bank, Northampton, United Kingdom
   
Education
  Banker’s examinations, Barclays Bank 
   
   
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
  Auxmoney Holdings Ltd., Ireland/Germany, non-executive Member of the Board of Directors
  Moneta Money Bank AS, Prag, Czech Republic, Member of the Supervisory Board
  Skipton Building Society, Skipton, United Kingdom, non-executive Member of the Board of Directors
   

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Date of birth: 18 February 1963
Nationality: German
Residence: 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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Date of birth: 26 January 1968
Nationality: German
Residence: 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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Date of birth: 23 May 1965
Nationality: Austrian
Residence: Hofheim a.Ts., Germany
First appointment: 2022
Terms served: 1st term (2022 – 2026)
Committees: Executive and Nomination Committee (Deputy Chairman)
Technology and Innovation Committee (Deputy Chairman)
Risk Committee
Expertise: Banking, strategic planning, IT/digitalisation, M&A
   
Professional milestones
Since 2020 Founder and Managing Director of LifeWorkSpace, a consulting and private investment company focused on innovative and sustainable strategies in the Real Estate industry
2015-2020 Global Head, BNP Paribas Real Estate Investment Management (REIM) and Deputy CEO, BNP Paribas Real Estate S.A., Paris, France
2005-2015 Chief Executive Officer (CEO), SEB Asset Management AG and Managing Director, SEB Investment GmbH, Frankfurt, Germany
1999-2005   Managing Director of SEB Immobilien-Investment GmbH (merged into SEB Investment GmbH)
1994-1998 Deputy Head Structured Finance, BfG Bank AG, Frankfurt, Germany
1986-1993 i.e. Analyst International Project Finance, Deutsche Bank AG, Frankfurt, Germany
   
Education
  Graduation in Economics with focus on Computer Science (Diploma Business Economist), University of Applied Sciences, Mainz, 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
  Landmarken AG, Aachen, Germany, Member of the Supervisory Board
  Swiss Prime Site AG, Olten, Switzerland, Member of the Board of Independent Directors
  CTP N.V., Amsterdam, Netherlands, Chair of the Management Board and Senior Independent Director on the Board of Directors
   
Additional positions on governing bodies of other organisations
  ULI Germany Advisory Board, Member
  FRICS, Royal Institution of Chartered Surveyors, Member
  Zentraler Immobilien Ausschuss e.V. (ZIA), Berlin, Germany, Member of the presidium
  Urban Land Institute (ULI), Trustee
  International Real Estate Business School (IREBS), Regensburg University, Regensburg, Germany, Chairwoman of the Advisory Board
   

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Date of birth: 17 May 1973
Nationality: German
Residence: 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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Date of birth: 29 December 1964
Nationality: German
Residence: Como, Italy
First appointment: 2022
Terms served: 1st term (2022 – 2024)
Committees: Renumeration Committee (Deputy Chairman)
Executive and Nomination Committee
Audit Committee
Expertise: Banking, Governance, international M&A and Joint Venture, strategic planning, Accounting
   
Professional milestones
Since 2009 Holds several other mandates in investment companies of Advent International, especially in Atlantic BidCo GmbH, in the past e.i. in supervisory boards of Addiko Bank AG, Concardis Payment Group GmbH, GFKL Financial Services AG, as well as a consultant of Private-Equity-Investments, mergers und takeovers as well as restructuring 
2014-2015 Member of the Board, responsible for Treasury, Legal and Corporate Development, interim management to support stabilisation of the bank, Gorenjska banka d.d., Kranj, Slovenia
2006-2009 Co-Head Mergers & Acquisitions, Head of Financial Institutions Group Germany, Austria, Switzerland, Rothschild GmbH, Frankfurt, Germany
2003-2006 Managing Director, Head of Financial Institutions and “Geschäftsführer”, Lazard & Co. GmbH, Frankfurt, Germany
1992-2003 Various positions at Deutsche Bank AG, Frankfurt, Germany, Singapore and London, England: Director, Global Corporate Finance – FIG; Managing Director, Corporate Development; Director, Head of Strategic Planning Asia Pacific; Divisional Director, Corporate Development
   
Education
  Master of Business Administration, University of Miami, Miami, Florida, USA 
  Dipl.-Math. oec., Master (“Diplom”) degree in Mathematical Economics (“Wirtschaftsmathematik”), University of Ulm, Ulm, 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
  Hermes Germany GmbH, Member of the Supervisory Board, Hamburg, Germany
  TK Elevator GmbH, Dusseldorf/Essen, Germany, Chairman of the Board of Directors
  Vertical Topco S.à.r.l., Luxembourg, Member of the Board of Directors*
*indirect holding of TK Elevator GmbH
   

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Date of birth: 16 November 1962
Nationality: German
Residence: Heppenheim, Germany
First appointment: 2022
Terms served: 1st term (2022 – 2026)
Committees: Technology and Innovation Committee (Chairman)
Executive and Nomination Committee
Expertise: Corporate governance, strategic planning, business and corporate development, M&A, digitalisation, technology, IT
   
Professional milestones
Since 2017 Chief Executive Officer (CEO), Executive Director and Member of the Board of Directors (Verwaltungsrat), GFT Technologies SE, Stuttgart, Germany
2015-2017 Chief Operating Officer (COO), Executive Director and Member of the Board of Directors (Verwaltungsrat), GFT Technologies SE, Stuttgart, Germany
2002-2015 Chief Operating Officer (COO, Member of the Management Board, GFT Technologies SE, Stuttgart, Germany
1996-2002 Vice President Region Germany, Switzerland, Austria, Benelux and Scandinavia, Cambridge Technology Partners, Inc. Europa, Frankfurt, Germany
1990-1996 Head of Professional Services, Business Unit Central & Eastern Germany, Project Manager Software AG, Darmstadt, Germany
1989-1990 Management Consultant, Diebold Deutschland GmbH, Frankfurt, Germany
1987-1989 Co-Founder / Software Architect, BISTEC GmbH / BAUSOFT GmbH, Darmstadt, Germany
   
Education
  Computer Science, University of Applied Science, Darmstadt (Diplom-Informatikerin)
   
   
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
  EnBW AG, Member of the Supervisory Board 
   
Additional positions on governing bodies of other organisations
  LBBW AG, Member of the Advisory Board
  Member of the Advisory board, University of Applied Science, Darmstadt, Germany
   

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Date of birth: 10 February 1967
Nationality: German
Residence: 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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Date of birth: 6 July 1950
Nationality: German
Residence: Main-Kinzig district, Germany
First appointment: 2015
Terms served: 2nd term (2020 – 2023)
Committees: Risk Committee (Chairman)
Audit 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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Supervisory Board Affiliation  
Name Member of the supervisory board since
Prof Dr Hermann Wagner  (Chairman of the Supervisory Board ) 2015
José Sevilla Álvarez 2022
Henning Giesecke 2022
Denis Hall 2022
Thomas Hawel 2006
Petra Heinemann-Specht 2018
Barbara Antonia Knoflach 2022
Jan Lehmann 2020
Hans-Hermann A. Lotter 2022
Marika Lulay 2022
Klaus Novatius 2019
Sylvia Seignette 2015