Bernhard Scholz to assume responsibility for Real Estate Finance - Deutsche Pfandbriefbank (DE)

Bernhard Scholz (51) will assume responsibility for the Real Estate Finance business of Deutsche Pfandbriefbank AG. The bank's Supervisory Board appointed Mr Scholz as a member of the Management Board with effect from 1 January 2010.

He will also be responsible for Real Estate Finance on the Management Board of HRE Holding AG. Scholz joins from Münchener Hypothekenbank eG, where he was a member of the Management Board, and most recently held responsibility for commercial real estate finance and IT.

Having completed his economics and philosophy studies with a doctorate, Bernhard Scholz started his professional career in 1985, as a consultant. He joined Munich- based Bayerische Hypotheken- und Wechselbank AG in 1990 – which subsequently merged into Bayerische Hypo- und Vereinsbank AG (HVB), where he was appointed Risk Manager. In 2001 Bernhard Scholz assumed responsibility for the bank's business with professional real estate investors. He subsequently served as Head of Restructuring and Workout at HVB Real Estate (a predecessor institution of pbb Deutsche Pfandbriefbank), where he held this position until his move to Münchener Hypothekenbank in 2004.

Dr Axel Wieandt, CEO of pbb Deutsche Pfandbriefbank, stated: "With Bernhard Scholz, we have managed to attract a seasoned real estate finance expert, filling the vacancy on the Management Board with responsibility for Real Estate Finance."

Source: Deutsche Pfandbriefbank

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