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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: 13.09.1964
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
2013 - 2021 Group CEO of E.R. Capital Holding GmbH & Cie. KG Group
2009 - 2013 Member of the Management Board, Commerzbank AG
2007 - 2009 Divisional Director Corporate Development, Commerzbank AG
2004 - 2007 Member of the Management Board, 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
  None
   
Additional positions on governing bodies of other organisations
  Oest Stiftung (Oest Group holding organisation), Member of the Foundation Board and Board of Directors
  Member of the Advisory Council, Erck Rickmers Group

Curriculum vitae as pdf-download

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

Curriculum vitae as pdf-download

Date of birth: 30.08.1973
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
2012 - 2014 Global Chief Financial Officer Private & Business Clients, Deutsche Bank AG
2007 - 2018 Chief Financial Officer, Deutsche Postbank AG
2007 - 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
   
Positions on non-Group supervisory boards or comparable bodies
  None
   
Additional positions on governing bodies of other organisations
  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
  Accounting Standards Committee of Germany (ASCG), member

Curriculum vitae as pdf-download

Christiane Kunisch-Wolff Member of the Management Board (Chief Risk Officer)

Curriculum vitae as pdf-download

Date of birth: 9 December 1966
Nationality: German
First appointment: 2016
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 2016 Member of the Management Board, Aareal Bank AG
2012 - 2016 Member of the Management Board of Westdeutsche ImmobilienBank AG
2006 - 2012 Member of the Management Board of readybank AG
1993 - 2006 Various positions at WestLB AG
   
Education
  Master of Business Administration (MBA)
  Studied economics at the Hochschule Niederrhein University of Applied Sciences
   
Positions on non-Group supervisory boards or comparable bodies
  None
   
Additional positions on governing bodies of other organisations
  Frankfurt Institute for Risk Management and Regulation (FIRM), member of the Advisory Council
  Association of German Public Banks (Bundesverband Öffentlicher Banken - "VÖB"), Risk Management and Accounting Committee, member
  Association of German Banks (Bundesverband Öffentlicher Banken - "BdB"), Committee for banks directly supervised by the ECB (SSM1), member
  Association of German Banks (Bundesverband Öffentlicher Banken - "BdB"), Sustainable Finance Project Committee, member
  CredaRate Solutions GmbH, Member of the Advisory Board
  Aareal Estate AG, Member of the Supervisory Board
  Association of Banks in Hesse, Member of the Working Committee (Arbeitsausschuss)

Curriculum vitae as pdf-download

 

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

Curriculum vitae as pdf-download

Date of birth: 9 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
2008 - 2016 Managing Director Special Property Finance, Aareal Bank AG
2006 - 2008 Managing Director, Valartis Bank AG, Zürich
2000 - 2006 Director and Head of Hotel Finance Group, Aareal Bank AG
   
Education
  B.Sc. in hotel management and minor in business administration, University of Las Vegas, Nevada
   
Positions on non-Group supervisory boards or comparable bodies
  None
   
Additional positions on governing bodies of other organisations
  Urban Land Institute
  Lodging Industry Investment Council
  International Hotel Investment Council

Curriculum vitae as pdf-download