Supervisory Board

Six of the 12 members of the Supervisory Board have been elected as shareholder representatives by the Annual General Meeting 2015. Their term of office will end with the close of the Annual General Meeting 2020. Ms Korsch and Mr Peters have been elected by the 2013 Annual General Meeting until the close of the Annual General Meeting 2018. The employee representatives have been elected by the 2015 Annual General Meeting until the end of the Annual General Meeting 2020.

Personal Details
 

Marija Korsch was born on 16 July 1948, she is a US citizen and lives in Frankfurt/Main, Germany.

Function(s) at Aareal Bank
 
Marija Korsch was judicially appointed as a member of the Supervisory Board in 2012. In 2013 she was elected by the Annual General Meeting for the period ending with the close of the Annual General Meeting 2018. She is thus in her first term of office. She has been Chairman of the Supervisory Board since 2013. Furthermore, she is the Chairman of the Executive and Nomination Committee and the Remuneration Control Committee, and a member of the Risk Committee, the Committee for Urgent Decisions, the Audit Committee, and the Technology and Innovation Committee.

Professional Career
 

As a partner in German private bank Bankhaus Metzler seel. Sohn & Co. Holding AG until 2008, Marija Korsch was responsible for the bank’s Corporate Finance business, having headed the business as a Managing Director from 1993 to 1998. Previously, she was a Managing Director at Bankers Trust Company, responsible for the bank's Corporate Finance and Merchant Banking activities in Germany, Austria and Switzerland; at Vereins- und Westbank AG, she was responsible for the business in North America and Latin America.
 
Marija Korsch started her career in 1973, with the European American Bank in New York, Los Angeles and San Francisco, before joining Bankers Trust Company in New York. She studied Mathematics at St Peters College, New Jersey, USA, and Economics at Università di Roma, Italy.
 
Due to her professional training and career path, Marija Korsch has expertise in strategic planning, the banking business, property finance, staff and succession planning, accounting matters and corporate reporting of financial institutions, risk management, and the assessment and design of risk management systems (including remuneration systems which are consistent with the standards defined by such systems).

Further mandates and activities
 
Marija Korsch is a member of the statutory Supervisory Boards of Just Software AG and Instone Real Estate Group N.V. Beyond these mandates she does not hold offices on comparable controlling bodies in Germany or abroad in line with section 125 (1) sentence 5 of the AktG.
 
In addition to the activities already mentioned, Ms Korsch is shareholder and member of the Board of Trustees of FAZIT – Stiftung Gemeinnützige Verlagsgesellschaft mbH, a member of the Board of Trustees of the Institut für Bank- und Finanzgeschichte (IBF), a member of the administration of Städelsches Kunstinstitut and Städtische Galerie, Deputy Chairman of the Management Board of the Gesellschaft der Freunde der Alten Oper Frankfurt e.V., and Chairman of the Management Board of Stiftung Centrale für private Fürsorge.

(as at 1 April 2018)

Personal Details
 
Thomas Hawel was born on 18 February 1963, he is a German citizen and lives in the Alzey-Worms district, Germany.

Function(s) at Aareal Bank
 
Thomas Hawel has been an Employee Representative in the Supervisory Board of Aareal Bank since 2006. At the last election in 2015 he was appointed for the period until 2020 and is thus in his third term of office. Furthermore, he is a member of the Technology and Innovation Committee.

Professional Career
 
Thomas Hawel works full-time as Works Council of Aareon Deutschland GmbH, currently holding the office of Chairman of Aareons Group's General Works Council. 
 
He started his professional career at Aareon Deutschland GmbH, which he joined in 1989. He worked there in various positions. Thomas Hawel holds a degree in economics, which he completed at the University of Bonn in 1988.  
 
Due to his professional experience and long-term membership in the Supervisory Board of Aareal Bank AG he has expertise in the fields of strategic planning, risk management systems of financial institutions as well as staff and succession planning.

Further mandates and activities
 
Thomas Hawel is also Deputy Chairman of the Supervisory Board of Aareon Deutschland GmbH.

(as at 1 April 2018)

Personal details
 
Petra Heinemann-Specht was born on 26 January 1968, she is a German citizen and lives in the Groß-Gerau district in Germany.

Function(s) at Aareal Bank
 
Since 1 April 2018 Petra Heinemann-Specht has been a member of the Supervisory Board of Aareal Bank and Employee Representative. Furthermore, she is a member of the Risk Committee and the Committee for Urgent Decisions. Since she joined the Supervisory Board as a substitute member for York-Detlef Bülow who resigned from office as of 31 March 2018, her first term of office will end 2020.

Professional Career
 
Petra Heinemann-Specht works full-time as Works Council member and is a member of the Economic Committee of Aareal Bank AG. 
 
Petra Heinemann-Specht has been working at Aareal Bank since October 1999 and has held various positions in Credit Management and Treasury. After having passed her school-leaving exam in 1988 she completed an apprenticeship as a banker in 1990 and studied law afterwards. She passed the Second State Examination in law in 1997 and started working as a lawyer and specialised commercial lawyer for the Sparkasse Bodenwerder in 1998. Later she worked for the law firm Joachim Lederle until she joined Aareal Bank. 
 
During her vocational training and professional career she gained experience in loan portfolio management, settlement and monitoring of trading activities, the handling of problem loans and intensive care of loans as well as development, quality, monitoring and implementation of risk classification procedures and regulatory requirements.

Further mandates and activities
 
Petra Heinemann-Specht is not a member of any other managements, supervisory boards or comparable executive or governing bodies.

(as at 1 April 2018)

Dieter Kirsch

Personal Details
 
Dieter Kirsch was born on 14 November 1954, he is a German citizen and lives in the Mainz-Bingen district, Germany.

Function(s) at Aareal Bank
 

Dieter Kirsch is Deputy Chairman of and Employee Representative on the Supervisory Board of Aareal Bank. He joined the Supervisory Board in 2010 and was most recently reelected in 2015 for the period until 2020. He is thus in his second term of office. Furthermore, he is Deputy Chairman of the Executive and Nomination Committee and the Remuneration Control Committee.

Professional Career
 
Dieter Kirsch has been working full-time as Works Council since 2002 and Deputy Chairman of the General Works Council of Aareal Bank Group since 2003. He entered Aareal Bank AG in 1983 and worked in various positions including the Work-Out Department and the Legal Department. 
 
Dieter Kirsch holds a diploma in legal affairs, which he completed at Saarland University in 1982. Due to his vocational training and professional career he has expertise in strategical planning, property financing, risk management systems of financial institutions incl. appropriate remuneration systems, management of credit, market and liquidity risks, problem loan handling, development and quality of credit approval, further processing and monitoring of loan processing, intensive servicing, staff and succession planning, legal and regulatory requirements.

Further mandates and activities
 
Dieter Kirsch is not a member of any other managements, supervisory boards or comparable executive or governing bodies.

(as at 1 April 2018)

Personal Details
 

Richard Peters was born on 27 March 1957, he is a German citizen and lives in Kandel, Germany. 
 
Function(s) at Aareal Bank
 

Richard Peters was elected member of Aareal Bank AG's Supervisory Board by the Annual General Meeting in 2013. The appointment is valid for the period ending with the close of the Annual General Meeting 2018; he is thus in his first term of office. Furthermore, he is a member of the Executive and Nomination Committee, the Audit Committee, and the Technology and Innovation Committee.
 
Professional Career 
 
Richard Peters is Chairman of the Management Board of Versorgungsanstalt des Bundes und der Länder (VBL) in Karlsruhe. He has been a member of the VBL Management Board since January 1998. During his first ten years with VBL, he was responsible for VBL's investments, followed by five years' responsibility for VBL's insurance products and benefits.
 
Having studied law, Mr Peters began his professional career at the head office of Karstadt AG in Essen, as head of the social and wage policies department. Following his appointment as a government official by the German State of Thuringia at the beginning of 1992, he worked as Human Resources officer at the Regional Tax Office in Erfurt for three years, followed by three years as head of the Collective Bargaining and Labour Law Department at the Thuringia Ministry of Finance.
 
Due to his professional training and career path, Richard Peters has expertise in strategic planning, risk management systems (including remuneration systems which are consistent with the standards defined by such systems), managing liquidity and investment risks, managing and controlling trading activities, assessing the efficiency of governance frameworks, staff and succession planning, corporate communications, accounting matters and corporate reporting, facility and organisation management, information technology, transformation, as well as cyber risks. 

Further mandates and activities

Richard Peters is a member of the Supervisory Board of DePfa Holding Verwaltungsgesellschaft mbH, Düsseldorf. As the liquidation of this company is being prepared, the mandate is inactive. Beyond these mandates Richard Peters does not hold offices on comparable controlling bodies in Germany or abroad in line with section 125 (1) sentence 5 of the AktG. 
 
Furthermore, he is an active member of the Board of Directors of EAPSPI (European Association of Public Sector Pension Institutions) and Chairman of the Management Board of VBLU e.V.

(as at 1 April 2018)

Personal Details
 

Dr Hans Werner Rhein was born on 29 June 1952, he is a German citizen and lives in Hamburg, Germany.

Function(s) at Aareal Bank
 

Dr Hans Werner Rhein was elected member of Aareal Bank AG's Supervisory Board by the Annual General Meeting in 2015. The appointment is valid for the period ending in 2020 and he is thus in his first term of office. He is a member of the Executive and Nomination Committee, the Risk Committee, and the Committee for Urgent Decisions.

Professional Career

Dr Hans Werner Rhein has been practising law in his own law firm since 2011 and, since 2006, has been a lecturer for reinsurance law in the JurGrad (LL.M programme) at the University of Münster. Dr Rhein commenced his career in 1982 at the insurance and reinsurance broker Jauch & Hübener and in 1994 joined the management of its legal successor Aon Jauch & Hübener and Aon Benfield, where he worked as Managing Director from 1998 to 2011. In addition to his management duties he advised domestic and foreign insurance companies on risk management and the structuring of their reinsurance cover.
 
Dr Hans Werner Rhein has studied law, economics and psychology at the University of Hamburg and the University of Freiburg. After both law exams under the German system he gained his doctorate in law in 1980 in Hamburg. He was in Miami from 1979 to 1980 and did completed a Master's in Comparative Law there. In 1982 he was admitted to the bar in Hamburg. 
 
Due to his vocational training and professional career, Dr Hans Werner Rhein has expertise in strategic planning, risk management systems including appropriate remuneration systems, assessing the efficiency of governance frameworks, staff and succession planning, organisation and effective structuring of control units, accounting matters and corporate reporting.

Further mandates and activities
 

Furthermore, Dr Hans Werner Rhein is Chairman of the Supervisory Board of Deutsche Familienversicherung AG and a member of the Supervisory Board of Gothaer Allgemeine Versicherung AG and the joint Audit Committee of the Group companies. Beyond these mandates he does not hold offices on comparable controlling bodies in Germany or abroad in line with section 125 (1) sentence 5 of the AktG.
 
In addition to the activities already mentioned, he is also Chairman of the Müller-Mathieu Foundation and of ARIAS Deutschland e.V. and he is a member of the Management Board of the St. Petri Foundation, Hamburg.

(as at 1 April 2018)

Personal Details
 

Prof. Dr Stephan Schüller was born on 28 October 1952, he is a German citizen and lives in Hamburg, Germany.

Function(s) at Aareal Bank
 

Prof. Dr Stephan Schüller is Deputy Chairman of the Supervisory Board of Aareal Bank which he joined in 2006. At the last Annual General Meeting in 2015 he was reelected for the period until 2020. He is thus in his third term of office. Furthermore, he is Deputy Chairman of the Executive and Nomination Committee and the Remuneration Control Committee as well as a member of the Audit Committee.

Professional Career
 

Until 31 March 2018 Prof. Dr Stephan Schüller was Spokesman of the general partners of Bankhaus Lampe KG. From 1984 to 2003 Prof. Dr Schüller worked for the HypoVereinsbank Group. Among other things, he was Member of the Management Board at Bayerische Vereinsbank AG, HypoVereinsbank AG and, most recently, Spokesman for the Management Board of Vereins- und Westbank AG. From 2003 to 2005 Prof. Dr Schüller was Managing Partner of a private equity firm.

 
Prof. Dr Stephan Schüller gained his diploma in Business Administration after studying the subject at the University of Münster. He also gained his doctorate in that faculty. He is a contract lecturer in banking at the Mercator School of Management of the University Duisburg-Essen. 
 
Due to his vocational training and career path, Prof. Dr Stephan Schüller has expertise in strategic planning, property financing, risk management and assessment as well as structuring risk management systems of financial institutions including appropriate remuneration systems, organisation and effective structuring of control units in financial institutions, assessing the efficiency of governance frameworks, staff and succession planning, corporate communications, accounting matters and corporate reporting.

Further mandates and activities
 

Prof. Dr Stephan Schüller is a member of the Supervisory Board of the Depfa Holding Verwaltungsgesellschaft mbH. As the liquidation of this company is being prepared, the mandate is inactive. Furthermore, he is Chairman of the Supervisory Board of Howaldt & Co. Investmentaktiengesellschaft TGV.

(as at 1 April 2018)

Personal Details
 

Sylvia Seignette was born on 6 July 1950, she is a German citizen and lives in the Main-Kinzig district in Germany.

Function(s) at Aareal Bank
 

Sylvia Seignette was elected member of Aareal Bank AG's Supervisory Board by the Annual General Meeting in 2015. The appointment is valid for the period ending in 2020 and she is thus in her first term of office. Furthermore, she is Chairman of the Risk Committee and a member of the Committee for Urgent Decisions.

Professional Career
 

Until 2013 Sylvia Seignette was at Crédit Agricole Corporate and Investment Bank as Chairman of the Board responsible for the banking business in Germany and Austria, and had had that position since 2005. As from 2007 she had also been Group Senior Country Officer for the entire Crédit Agricole Group in Germany. At that time, the Group consisted of eight companies, among them Amundi, CACEIS, Creditplus, and Eurofactor.
 
Prior, she had worked until 2005 at the Bank of America as Managing Director for Germany, Switzerland and Austria with responsibility for the client and investment banking business. 
 
From 1989 until 2002 Sylvia Seignette was Member of the Management Board at JP Morgan AG in Germany and its predecessor banks. As Management Board member she was responsible for the corporate customers and investment banking divisions for Germany, Austria and Switzerland. In the previous years she had worked in various international positions, among them a management position in the Credit department of the Bank of Nova Scotia and a trainee position at Morgan Guaranty Trust Co. She had started her career in 1969 at Hessische Landesbank. Sylvia Seignette is a certified banker and holds a diploma in wholesale and foreign trades. 
 
Due to her vocational training and career path Sylvia Seignette has expertise in strategic planning, risk management, assessment and structuring of risk management systems of financial institutions taking into consideration legal and regulatory requirements, incl. appropriate remuneration systems, organisation and effective structuring of control units in financial institutions, implementation and monitoring of risk classification procedures, assessing the efficiency of the governance framework, staff and succession planning, corporate communications, accounting matters, and corporate reporting.

Further mandates and activities
 

Sylvia Seignette is not a member of any other managements, supervisory boards or comparable executive or governing bodies. 

(as at 1 April 2018) 

Personal Details
 

Elisabeth Stheeman was born on 24 January 1964, she is a British/German citizen and lives in Surrey near London, England.

Function(s) at Aareal Bank
 

Elisabeth Stheeman was elected member of Aareal Bank AG's Supervisory Board by the Annual General Meeting in 2015. The appointment is valid for the period ending in 2020 and she is thus in her first term of office. She is Deputy Chairman of the Risk Committee and a member of the Committee for Urgent Decisions as well as the Technology and Innovation Committee.

Professional Career
 
Since early 2018 Elisabeth Stheeman is an External Member of the Financial Policy Committee of the Bank of England. From September 2015 until the beginning of 2018 she was Senior Advisor for the Bank of England at the Prudential Regulation Authority. Until 2014 she was global COO and member of the Global Management Committee of LaSalle Investment Management and member of the worldwide Operating Committee of Jones Lang LaSalle (JLL). Prior, she had had various positions from 1988 to 2012 at Morgan Stanley. Her last position at Morgan Stanley was COO in the Investment Banking Division, in Real Estate and Natural Resources with responsibility for Strategy / M&A, Finance and Operations, Legal and Compliance and Tax and Human Resources. In 2003 Elisabeth Stheeman became Executive Director / COO of the Financial Institutions Group. In 2001 she was appointed Executive Director of the Media & Communications Group. From 1996 to 2001 she was responsible for Financing Services Group and Financial Sponsors Group as Vice President. Elisabeth Stheeman began as analyst and later as associate in corporate finance, private equity and equity capital markets. She had commenced her career in 1982 at Vereins- und Westbank AG in Hamburg. Elisabeth Stheeman has studied Business Administration at the Hamburg School of Business (Wirtschaftsakademie Hamburg) and then obtained a diploma in Business Studies at the London School of Economics. 
 
Due to her vocational training and career path, Elisabeth Stheeman has expertise in strategic planning, property financing, risk management and assessment as well as structuring of risk management systems of financial institutions taking into consideration legal and regulatory requirements, including appropriate remuneration systems, organisation and effective structuring of control units in financial institutions, assessing the efficiency of governance frameworks, staff and succession planning, accounting matters and corporate reporting, facility and organisation management, and information technology.

Further mandates and activities
 
Elisabeth Stheeman is also a member of the Supervisory Board of Korian SA in Paris, France.


(as at 1 April 2018)

Personal Details
 

Dietrich Voigtländer was born on 18 October 1958, he is a German citizen and lives in Bad Homburg, Germany.

Function(s) at Aareal Bank
 
Dietrich Voigtländer was elected member of Aareal Bank AG's Supervisory Board by the Annual General Meeting in 2015. The appointment is valid for the period ending in 2020 and he is thus in his first term of office. He is Chairman of the Technology and Innovation Committee and a member of the Audit Committee as well as the Remuneration Control Committee.

Professional Career
 
Dietrich Voigtländer is entrepreneur and consultant in the field of innovation and transformation management and currently works, for example, as Associate Partner for BDG Innovation + Transformation GmbH & Co. KG.
 
From 2009 to 2014 Dietrich Voigtländer was Chairman of the Managing Board at Portigon AG, the legal successor to WestLB AG. At WestLB AG he first worked from 2008 as Deputy Chairman of the Managing Board and became temporary Chairman of the Managing Board in 2009. Until 2008 Dietrich Voigtländer was Member of the Board of Managing Directors at DZ BANK AG and its predecessor banks, GZ-Bank and SGZ-Bank AG. He commenced his career at SGZ-Bank AG in 1985 and took on various management and project management tasks at home and abroad. Closely associated with him are the development of the bwsbank and the subsequent merger of bwsbank and WPS-Bank into dwpbank Deutsche Wertpapier-Servicebank AG in 2003 and the cross-border mergers that led to establishing Equens SE as one of the market leaders in the European payment transactions market. 
 
Dietrich Voigtländer studied Business Administration and Engineering from 1978 to 1983 at the Technical University of Karlsruhe, specialising in Assembly. 
 
Due to his vocational training and career path, Dietrich Voigtländer has expertise in strategic planning, risk management and assessment as well as structuring risk management systems of financial institutions including appropriate remuneration systems in financial institutions, organisation and effective structuring of control units in financial institutions, assessing the efficiency of governance frameworks, staff and succession planning, accounting matters, corporate reporting, information technology, transformation as well cyber risks.

Further mandates and activities
 
Dietrich Voigtländer is not a member of any other managements, supervisory boards or comparable executive or governing bodies.

(as at 1 April 2018)

Personal Details
 

Prof Hermann Anton Wagner was born on 4 July 1956, he is a German citizen and lives in Frankfurt/Main, Germany.

Function(s) at Aareal Bank
 

Prof Hermann Wagner was elected member of Aareal Bank AG's Supervisory Board by the Annual General Meeting in 2015. The appointment is valid for the period ending in 2020 and he is thus in his first term of office. Furthermore, he is Chairman of the Audit Committee and a member of the Risk Committee as well as the Committee for Urgent Decisions.

Professional Career
 

Prof Hermann Wagner works as auditor and tax advisor. Since 2008 he holds a professorship at the Frankfurt School of Finance and Management. 
 
He began his career in 1983 as audit assistant in bank auditing at Peat, Marwick, Mitchell & Co. In 1986 he passed his exams as tax advisor and in 1990, as German public auditor. In 1992 Prof Wagner became partner and Managing Director at KPMG Peat, Marwick Treuhand GmbH and in 1993 at KPMG Deutsche Treuhand-Gesellschaft AG after the merger. In 1998 he became Branch Manager in Frankfurt and moved in to Arthur Andersen in 1999 as Regional Managing Partner Frankfurt and Managing Partner Financial Services Deutschland. 
 
Subsequent to the merger of Arthur Andersen and Ernst & Young in 2002, Prof. Dr Wagner became member of the Management Board and partner at Ernst & Young AG. He was responsible for Global Financial Services, and also assumed various international management functions in the global Ernst & Young organisation until he left the firm in 2008. 
 
Prof Hermann Wagner had originally studied Economics at the Justus Liebig University in Gießen (diploma in 1980) and worked as academic assistant until obtaining his PhD. 
 
Due to his vocational training and career path, Prof Hmann Wagner has expertise in accounting matters and corporate reporting, assessing the effectiveness of internal control and risk management systems in terms of the accounting process, assessing the effectiveness of risk management systems of financial institutions, assessing and monitoring the audit of annual financial statements, distinguishing between auditing services and non-auditing services, organisation and effective structuring of control units in financial institutions, development, quality, monitoring and implementation of risk classification procedures, legal and regulatory requirements as well as assessing the effectiveness of the governance framework.

Further mandates and activities
 

Prof Hermann Wagner is Chairman of the DEMIRE Deutsche Mittelstand Real Estate AG listed on the regulated market and a member of the Supervisory Board of the PEH Wertpapier AG listed on the open market, the btu beraterpartner Holding AG, and the Squadra Immobilien GmbH & Co. KG. The European Central Bank approved his mandate in a fifth Supervisory Board at Aareal Bank AG pursuant to section 25d (3) sentence 5 of the KWG.

(as at 1 April 2018)

Personal Details
 

Beate Wollmann was born on 30 August 1964, she is a German citizen and lives in Mainz, Germany.

Function(s) at Aareal Bank
 

Beate Wollmann is an Employee Representative and has been appointed as a member of the Supervisory Board of Aareal Bank AG in 2015 for the period until 2020. She is thus in her first term of office. She is also a member of the Audit Committee.

Professional Career
 

Since 2000, Beate Wollmann has been working for Aareon Deutschland GmbH as accounting specialist in the Accounting and Taxes team within the Finance and Internal Services division. Since 2002, she has been holding the position of an elected member of the Aareon Deutschland GmbH's Works Council. Before joining Aareon, she had been active in various functions at Stadtwerke Mainz AG, including the areas of Accounting as well as Taxes and Loans. From 1993 until 2000, Beate Wollmann headed the Tax and Loans department. 
 
After having acquired the intermediate school-leaving certificate and having completed her vocational training as industrial business management assistant (Industriekauffrau), she qualified as industrial business administrator (Industriefachwirtin) and accountant alongside her work. Due to her vocational training and career path Beate Wollman has expertise in accounting and tax matters.

Further mandates and activities
 

Beate Wollmann is not a member of any other managements, supervisory boards or comparable executive or governing bodies.


(as at 1 April 2018)

Supervisory Board Affiliation

Name Member of the supervisory board since
Marija Korsch (Chairman of the Supervisory Board)
Thomas Hawel 2006
Petra Heinemann-Specht    2018
Dieter Kirsch 2010
Richard Peters 2013
Dr Hans Werner Rhein 2015
Prof Dr Stephan Schüller 2006
Sylvia Seignette 2015
Elisabeth Stheeman 2015
Dietrich Voigtländer 2015
Prof Dr Hermann Wagner 2015
Beate Wollmann 2015