Varengold Bank AG

Board/Management Information • Apr 15, 2013

News Details

Corporate | 15 April 2013 12:58

Varengold Wertpapierhandelsbank AG: expansion of the management board due to the proposed granting of a commercial banking license

Varengold Wertpapierhandelsbank AG / Key word(s): Change of
Personnel/Miscellaneous

15.04.2013 / 12:58

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Hamburg, 15th April 2013 - The supervisory board has appointed Dr. Bernhard
Fuhrmann (49) and Friedrich Verspohl (58) to additional members of the
management board with today's effect. Friedrich Verspohl will be
responsible for the lending business with corporate and private clients.
Dr. Bernhard Fuhrmann holds the functions of the Chief Risk Officer (CRO)
as well as the Chief Financial Officer (CFO). Both appointments have been
made in the context of the proposed granting of the commercial banking
license.

Both new members of the management board bring along in decades gained
experience in the national and international banking business. Friedrich
Verspohl was working for the 'Commerzbank', inter alia, in South Africa and
Indonesia. Dr. Bernhard Fuhrmann was responsible at different banks like
'Bayerische Hypovereinsbank', 'Deutsche Bank' as well as 'Eurohypo', inter
alia, in London for the risk- and finance divisions. Thereby he also, for
example, conducted the project team for listing 'Deutsche Bank' at the
NYSE.

'We are very much appreciated to be able to expand our management board
with both of these experienced bank experts', declares RA Hans J.M.
Manteuffel, chief of supervisory board of the company, 'Therewith,
Varengold is excellently positioned for the purposed future as
deposit-taking financial institution.'

End of Corporate News

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Language: English
Company: Varengold Wertpapierhandelsbank AG
Große Elbstraße 27
22767 Hamburg
Germany
Phone: +49 (0)40 / 668649-0
Fax: +49 (0)40 / 668649-49
E-mail: info@varengold.de
Internet: www.varengold.de
ISIN: DE0005479307
WKN: 547930
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)

End of News DGAP News-Service

207068 15.04.2013