Wiesbaden, 3 Mai 2007 – With effect from 1 May 2007, Torsten Althaus has taken up the management reins of Credit Treasury Structuring at Aareal Bank AG. In his role he will be responsible for implementing and marketing capital market transactions such as Commercial Mortgage Backed Securities (CMBS), and the development of various innovative exit strategies. Althaus comes to the bank from Standard & Poor’s, where he worked for over seven years in Structured Finance Ratings, with achievements such as being the first structured finance rater of the agencies in Germany. Overall, he has many years’ experience in securitisation as an arranger, investor and rater.
Christof Schörnig, Member of the Management Board of Aareal Bank commented, “In Torsten Althaus, we are gaining an experienced securitisation specialist. With his comprehensive wealth of experience, Mr Althaus will play a significant part in developing our bank’s capital market focussed business model.”
