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Contract of Management Board member Thomas Ortmanns renewed until 2023

The Supervisory Board of Aareal Bank AG has resolved to renew the contract of Management Board member Thomas Ortmanns, and to reappoint him to the Management Board of Aareal Bank AG with effect from 01 April 2018 until 31 March 2023.

Wiesbaden, 10 April 2017 – The Supervisory Board of Aareal Bank AG has resolved to renew the contract of Management Board member Thomas Ortmanns, and to reappoint him to the Management Board of Aareal Bank AG with effect from 01 April 2018 until 31 March 2023. Thomas Ortmanns has been a member of the Management Board since 1 September 2005. His areas of responsibility comprise the Bank's activities in relation to the housing and property industry in the Consulting/Services business segment as well as the Treasury and IT & Organisation Services divisions.

The Chairman of the Supervisory Board, Marija Korsch, explained: "Aareal Bank's strong management team is acknowledged by the market. By reappointing Thomas Ortmanns to the Management Board, we secure the commitment of an experienced Board member to Aareal Bank for the long term. Thomas Ortmanns has clearly expanded the company’s market position as a solution partner for the housing, property and energy industries in recent years, and has successfully conducted the Bank's funding activities in a challenging market environment. We are sure that he will continue to significantly contribute to Aareal Bank Group's sustainable success in the years to come."

 

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