Thomas Ortmanns (44) has been appointed as a new member of the Management Board of Aareal Bank AG yesterday. Mr Ortmanns, who holds a BA in business management, is set to assume the position of Chief Operations Officer (COO). This new portfolio will include core issues such as the bank's organisational structure and process organisation, the reduction of interfaces, and a realignment of the bank's IT environment.
Hans W. Reich, Chairman of the Supervisory Board of Aareal Bank AG, commented: "Subject to approval of Thomas Ortmanns' appointment by the Supervisory Board, Aareal Bank's Management Board will be strengthened by the addition of a renowned expert. He will support the bank's sustained realignment, leveraging his skills to establish powerful and modern organisational structures and workflows. We will further intensify the focus of individual Management Board portfolios to expedite these processes."
Before joining Aareal Bank, Thomas Ortmanns was a Managing Partner at CONSART Management Consultants GmbH, a management consultancy specialising in the financial services sector.
He will join Dr. Wolf Schumacher (46), Dr. Ralph Hill (43), Hermann J. Merkens (38) and Christof M. Schörnig (37) on the Management Board of Aareal Bank AG.
Source: Aareal Bank