New member appointed to the Management Board of Commerz Real (DE)

The Supervisory Board of Commerzbank AG has just appointed Dr. Frank Henes, aged 46, Member of the Management Board of Commerz Real AG. He will take charge of Risk Management and Information Technology functions as at September 1, 2010.


Dr. Frank Henes

Dr. Frank Henes succeeds Roland Potthast, aged 48, to this office, as Potthast will leave Commerz Real AG subject to mutual consensus after a career of more than 20 years with Commerzbank Group.

Dr. Frank Henes brings a vast range of experience in the real estate and financing area to the job. Following his doctorate in business administration, he was with HypoVereinsbank Group for 15 years, working in the client business and central lending areas. At the moment, he continues to head the Real Estate Structured Finance area in which HypoVereinsbank has pooled the complex real estate financing business for clients of all of the bank's divisions. Previously, Dr. Frank Henes was responsible for the structured financing business and development loans for small and medium-sized enterprise clients and commercial real estate clients. On top of that, he has been a member of the senior credit committee of HypoVereinsbank AG.

"We are very pleased that we have been able to invite such an experienced specialist as Dr. Frank Henes to join us," said Michael Bücker, CEO of Commerz Real AG. "He is bringing the finest credentials to the job of redeveloping our risk management systems. We would like to wish him every success in his efforts."

Roland Potthast has had various responsibilities in more than 10 years with the senior management of Commerz Real AG and its predecessor, CommerzLeasing und Immobilien AG, respectively. In his most recent position he headed the Risk Management, Contracting and IT areas. "He has played an instrumental role in shaping our company," said Michael Bücker. "We would like to thank Roland Potthast for his dedication and wish him all the best for the future."

Source: Commerz Real

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