Share

The Management Board

The Management Board is responsible for managing the company. In doing so, it is obliged to act in the best interest of the company and undertakes to increase its sustainable enterprise value. The Management Board ensures that all provisions of law are complied with, and endeavours to achieve their compliance throughout Group companies.

The Management Board develops company strategy, coordinates it with the Supervisory
Board, and ensures its implementation. It ensures appropriate and sustainable risk management and risk controlling throughout the company. The Management Board cooperates on the basis of trust with Aareal Bank AG's other executive bodies, and with employee representatives.

Jochen Klösges Chairman of the Management Board (Chief Executive Officer)

Curriculum vitae as pdf-download

Date of birth: 13 September 1964
Nationality: German
First appointment: 2021
Independence: Yes
Expertise: Strategy, portfolio management and control, M&A and equity investment management, commercial property finance, IT, risk management
   
Professional milestones
Since 2021 Chairman of the Management Board, Aareal Bank AG, Wiesbaden, Germany
2013 - 2021 CEO of E.R. Capital Holding GmbH & Cie. KG Group, Hamburg, Germany
2009 - 2013 Member of the Board of Managing Directors, Commerzbank AG, Frankfurt/Main, Germany
2007 - 2009 Divisional Director Corporate Development, Commerzbank AG, Frankfurt/Main, Germany
2004 - 2007 Member of the Management Board at Eurohypo AG
2002 - 2004 Head of Division, Corporate Centre Risk Management, Eurohypo AG
   
Education
  Bank-Betriebswirt (banking administration studies), Bankakademie (now the Frankfurt School of Finance & Management)
   
Positions on non-Group supervisory boards or comparable bodies
  Oest Stiftung (Oest Group holding organisation), Member of the Foundation Board and Board of Directors
   
Additional positions on governing bodies of other organisations
  Aareon AG (Aareal Bank Group), Chairman of the Supervisory Board as well as member of the Advisory Board
  Erck Rickmers Group, Member of the Advisory Council
  German Design Museum Foundation (Stiftung Deutsches Design Museum), member of the Foundation Board
  Objego GmbH, Member of the Advisory Council

Curriculum vitae as pdf-download

Nina Babic Member of the Management Board (Chief Risk Officer)

Curriculum vitae as pdf-download

Date of birth: 18. September 1983
Nationality: Croatian
First appointment: 2022
Independence: Yes
Expertise: Management of all key financial and non-financial risks; effectiveness of risk management systems at banks; evaluation of systems for preventing money laundering, terrorist financing and other criminal offences; compliance management systems; organisation and effective design of banks' control departments; development, quality, monitoring and deployment of risk classification procedures; legal and regulatory requirements; evaluation and effectiveness of the governance framework; SPF segment; problem loan processing; lending development and quality; downstream loan processing; loan processing control; intensive care
   
Professional milestones
Since July 2022 Member of the Management Board, Aareal Bank AG, Wiesbaden, Germany
2021 – 2022 Senior General Manager Credit Management, Aareal Bank AG, Wiesbaden, Germany
2016 – 2021 Managing Director Corporate Affairs, Aareal Bank AG, Wiesbaden, Germany
2008 – 2016 Audit, Financial Services, PricewaterhouseCoopers AG WPG, Frankfurt, Germany
   
Education
  Examination as a certified public accountant, Chamber of Public Accountants, Berlin, Germany
  Degree in Business Management, Frankfurt University of Applied Sciences, Frankfurt, Germany
   
Positions on non-Group supervisory boards or comparable bodies
  HypZert GmbH, Deputy Chair  of the Supervisory Board
   
Additional positions on governing bodies of other organisations
  Aareal Capital Corporation, Member of the Board of Directors
  Aareal Estate AG, Deputy Chair of the Supervisory Board
  Terrain-AG Herzogenpark, Chair of the Supervisory Board

Curriculum vitae as pdf-download

Marc Hess Member of the Management Board (Chief Financial Officer)

Curriculum vitae as pdf-download

Date of birth: 30 August 1973
Nationality: German
First appointment: 2018
Independence: Yes
Expertise: Strategic planning; finance/accounting; non-financial data; investor relations; liquidity and funding planning; management of market, liquidity, IRRBB and business risk
   
Professional milestones
Since 2018 Member of the Management Board, Aareal Bank AG, Wiesbaden, Germany
2012 - 2014 Global Chief Financial Officer Private & Business Clients, Deutsche Bank AG
2007 - 2018 Chief Financial Officer, Deutsche Postbank AG
2007 Co-head Credit Management International, Deutsche Postbank AG
2004 - 2007 Managing Director Investor Relations & Research, Deutsche Postbank AG
2000 - 2004 Deputy Head Investor Relations, HypoVereinsbank Group
   
Education
  Studied business administration at the University of Bayreuth, Germany
   
Positions on non-Group supervisory boards or comparable bodies
  None
   
Additional positions on governing bodies of other organisations
  Aareal Beteiligungen AG (Aareal Bank Group), Chairman of the Supervisory Board
  Aareon AG (Aareal Bank Group), Member of the Supervisory Board as well as member of the Advisory Board
  Plan International Germany e.V., member of the Board of Trustees
  vdp Board of Directors, member
  vdp Pfandbrief, Capital Markets and Investor Relations Committee, Chairman of the Committee
  Association of German Banks (Bundesverband deutscher Banken - "BdB"), Deposit Protection Committee, member
  Accounting Standards Committee of Germany (ASCG), member of the Board of Directors

Curriculum vitae as pdf-download

Christof Winkelmann Member of the Management Board (Chief Market Officer)

Curriculum vitae as pdf-download

Date of birth: 09 May 1975
Nationality: German
First appointment: 2016
Independence: Yes
Expertise: SPF segment; loan structuring and syndication; funding; management of credit, propery and market risk, design of internal control systems for the lending process
   
Professional milestones
Since 2016 Member of the Management Board, Aareal Bank AG, Wiesbaden, Germany
2008 - 2016 Managing Director Special Property Finance, Aareal Bank AG, Wiesbaden, Germany
2006 - 2008 Managing Director, Valartis Bank AG, Zürich, Switzerland
2000 - 2006 Director and Head of Hotel Finance Group, Aareal Bank AG, Wiesbaden, Germany
   
Education
  B.Sc. in hotel management and minor in business administration, University of Las Vegas, Nevada, United States of America
   
Positions on non-Group supervisory boards or comparable bodies
  None
   
Additional positions on governing bodies of other organisations
  Aareal Bank Asia Ltd. (Aareal Bank Group), Chairman of the Board of Directors
  Aareal Capital Corporation (Aareal Bank Group), Chairman of the Board of Directors
  Aareal Estate AG (Aareal Bank Group), Chairman of the Supervisory Board
  vdp International Real Estate Finance Committee, member
  Urban Land Institute (ULI)
  Lodging Industry Investment Council (LIIC)
  International Hotel Investment Council (IHIC)

Curriculum vitae as pdf-download