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)
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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 | |
Marc Hess Member of the Management Board (Chief Financial Officer)
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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 | |
Christiane Kunisch-Wolff Member of the Management Board (Chief Risk Officer)
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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)
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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
