Manuela Better appointed to Board of Managing Directors of Hypo Real Estate Bank AG

The Supervisory Board of Munich-based Hypo Real Estate Bank AG has just appointed Manuela Better to act as a regular member of the bank´s Board of Managing Directors with effect from January 1, 2004. Ms. Better, 43, will be responsible for Customer Care/Sales, Servicing, and Internal Services. In addition, she will have responsibility for Immo Trading GmbH, a subsidiary serving to exploit and manage bankowned properties.

On leaving school, Better trained as a bank officer, studied business administration in Munich and Augsburg, and completed an apprenticeship with Bayerische Vereinsbank, where she began her career in the International Real Estate Finance department. She took over as head of this department in 1994. In 1998, Better moved on to FGH Bank in Utrecht, the Netherlands, which at that time was an HVB subsidiary, as head of Business Development, IT and Special Projects. Here she was appointed managing
director in 2000. Most recently, she was responsible for overseeing the successful sale of FGH Bank to the Netherlands-based Rabobank Group.

Following the appointment of Manuela M. Better, the Board of Managing Directors of Hypo Real Estate Bank AG comprises Johann Berger (Board spokesman, Credit, Workout), Frank Hellwig (Reporting, Accounting, Taxes), Theodor Knepper (Treasury), and Ms. Better.

Similarly with effect from January 1, 2004, Credit Director Reinhold Güntner, 51, has been appointed new executive manager holding general power of attorney at Hypo Real Estate Bank AG.

Source: Hypo Real Estate Bank

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