Ernst Russ AG

Earnings Release • Aug 24, 2006

News Details

Corporate | 24 August 2006 10:31

HCI Capital AG: HCI Capital AG strenghtens Sales

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Press Release HCI Capital AG Strengthens Sales Autonomous Executive Division for Sales and Marketing Harald Christ, Chairman of the Board: ‘A step towards increasing HCI’s impact.’ (Hamburg, August 24, 2006). HCI Capital AG intends to give its sales division more impact by creating an autonomous executive division for Sales and Marketing, effective as of January 1, 2007, and under the management of Wolfgang Essing, 42. As of that date the number of HCI Management Board members will increase to four: Harald Christ, Chairman of the Board, Wolfgang Essing (Director, Sales and Marketing), Dr. Ralf Friedrichs (Director, Product Development) and Dr. Rolando Gennari (Director, Finance & Accounting). Wolfgang Essing, 42, worked for the Heidelberg-based financial services company MLP from 1989 till 2000, most recently as a senior executive. In 2000, he began working for the zeb/rolfes.schierenbeck.associates consultancy group in Münster, where Essing started up the group’s subsidiary zeb/salesconsult GmbH, which rose to become one of the top-selling divisions in the entire zeb Group. Trained in banking, Essing is considered one of the most versed and experienced sales managers in the financial services business. Harald Christ commented on this new development: ‘Winning as capable a sales expert as Wolfgang Essing for HCI is a great asset for the company. Essing’s concepts are strong and he executes them convincingly. Prior to starting at HCI, he has developed and expanded a number of sales and marketing divisions and we believe he will be able to give us valuable marketing impulses that will increase our impact in the market.’ As early as 2005, HCI set the course for the development and expansion of the company’s sales and marketing activities, the latter beginning with HCI’s market entrance in Austria, Switzerland and Hungary. HCI is also targeting new customer groups in Germany while simultaneously broadening its activities with institutional investors. It goes without saying that the HCI sales staff will grow correspondingly. HCI Chairman of the Board Harald Christ noted that, ‘Inasmuch as the strengthening of our sales markets and simultaneous strategical consolidation of our position in the market are top priority items at HCI, the decision was taken to upgrade our sales and marketing division by creating a new executive division, a step which is certain to prove successful in the short term.’ As a result of this reorganization the After-Sales Division, formerly integrated in the Finance & Accounting Division, immediately falls under the management of Dr. Ralf Friedrichs’ Product Development Division where, by virtue of its nature, it is more accurately domiciled. About HCI: The HCI Group was founded in 1985 and creates closed-end funds in shipping, real estate, private equity fund of funds and the secondary life insurance market, as well as asset creation plans. Since 1985, over 80,000 clients have invested EUR 4.16 billion in 419 issues, with an investment volume totalling EUR 11.0 billion, making HCI one of the leading non-bank-affiliated issuing houses in Germany. HCI Capital AG has been listed on the stock exchange since October 2005 and on the SDAX since December 19, 2005. contact: HCI Investor Relations Bleichenbrücke 10 20354 Hamburg Tel. +49 40 88881-0 e-mail: ir@hci.de (c)DGAP 24.08.2006 ————————————————————————— Language: English Issuer: HCI Capital AG Bleichenbrücke 10 20354 Hamburg Deutschland Phone: +49 (0)40 88881-0 Fax: +49 (0)40 88881-109 E-mail: ir@hci.de WWW: www.hci.de ISIN: DE000A0D9Y97 WKN: A0D9Y9 Indices: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, München, Stuttgart End of News DGAP News-Service —————————————————————————