Frank-Rainer Roth to become 'Generalbevollmächtigter' of HSH Nordbank (DE)

Frank-Rainer Roth (47) is to become 'Generalbevollmächtigter' of HSH Nordbank AG. As such, he is expected to take over the duties of Chief Operating Officer during the second half of the year. Last Friday, the Supervisory Board in addition issued a declaration stating its intention to appoint Mr. Roth to the Management Board after an expected job-familiarization period of twelve months.

"We are very pleased to have found a person with his wealth of experience to fill this position in our Bank," said Hans Berger, CEO of HSH Nordbank AG.

Roth is Chief Information Officer of the investment bank Dresdner Kleinwort Ltd. in London since 2006. There he is responsible inter alia for the corporate management and process optimization work involved, for example, in integrating risk platforms and in implementing the MiFID guidelines of the EU. From 2001 until 2006 Roth was employed by HypoVereinsbank AG in Munich, his last position having been Chief Operating Officer/ division manager. He provided the investment business of HypoVereinsbank with a key boost by setting up a global top management team, carrying out various IT projects at head office and preparing the merger with UniCredito for his division. At the same time he was Chairman of the Supervisory Board of Financial Market Service Bank. The father of three sons worked for Daimler-Benz AG and Robert-Bosch GmbH in a number of different management positions between 1986 and 2001.

Source: HSH Nordbank

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