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01.07.2009 – 10:46

KfW

Managing Board of KfW Bankengruppe completed by Bernd Loewen

Frankfurt (ots)

Starting today Bernd Loewen (43) is the new Chief Financial and Risk Officer on the Managing Board of KfW Bankengruppe.

Upon Loewen's appointment at the meeting of KfW's Board of Supervisory Directors on 26 March 2009 Dr Ulrich Schröder, Chairman of the Managing Board of KfW, said: "In Bernd Loewen we have been able to win a committed and experienced banker with an international profile for KfW. Now that we have filled the CRO/CFO position, KfW's Managing Board is complete again".

Loewen has been on the Management Board of Commerzbank's Polish subsidiary BRE Bank SA since 2005, where he was in charge of Treasury, Financial Institutions and Capital Market Operations. Previously he managed Commerzbank's NYC-based subsidiary Commerz Capital Markets Corporation (from 2004-2005) and co-managed its Financial, Risk, Legal/Compliance, Human Resources, IT and Operations divisions (2002-2004). From 1996 to 2001 Loewen directed the Global Equities department at Commerzbank in Frankfurt am Main and also worked in Equity Derivatives Trading and Corporate Development/Corporate Controlling. Prior to holding these positions he was a tax accountant with a medium-sized accounting firm.

Pressekontakt:

KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Kommunikation (KOM)
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de

Original content of: KfW, transmitted by news aktuell