Helvea SA: Helvea Announces New CEO

MUNICH--()--Helvea announces new CEO

“We have continued to demonstrate to our clients that we are here to stay, and that we remain committed to providing top quality products and services”

Baader Bank AG's Swiss subsidiary - Helvea SA - has announced that Morgan Deane will take over as the new Chief Executive Officer (CEO) and President of the Executive Management Board, effective July 1st, 2015. In conjunction with this change, Oliver Riedel will take over as Chairman of the Supervisory Board.

Under the new Structure, Deane will have responsibility within the Helvea Group for the Corporates & Markets business lines, together with overall responsibility internationally for Legal, Regulatory Relations & Human Resources. He joined Helvea in 2010 and is currently a member of the Supervisory Boards of the Group's companies in Switzerland, the UK and the US. Prior to Helvea, he worked internationally with JPMorgan and Bear Stearns.

He will be supported by two other members on the Executive Board. Tim Dawson will continue in his role as Chief Financial Officer (CFO), responsible for Finance & Operations and Bernard Scussel will be appointed to the Board with responsibility for Core Compliance & Risk Management.

Outgoing CEO, Oliver Riedel said: "Under the guidance of the existing Management, the Helvea's fortunes have been completely turned around. From a loss making situation in 2012, it is now profitable and part of a group which has consolidated its leading position in Germany, Austria and Switzerland". Nico Baader echoed the statements of Mr. Riedel, pointing to the strong placing of Baader-Helvea in the 2015 Extel Survey as being evidence of the Group's progress. In the 2015 survey, Baader-Helvea was voted No.1 in the categories 'Germany: Equity Sales', 'Germany: Trading/Execution' and 'Germany: Small & Mid-Caps Trading/Execution' as well as a top 3 placing in several other categories including 'Germany: Small & Mid-Caps Sales', 'Switzerland: Equity Sales', 'Switzerland: Small & Mid-Caps Sales', 'Switzerland: Country Research', 'Switzerland: Small & Mid-Caps Research', 'Austria: Country Research' and 'Switzerland: Trading/Execution'

"We have continued to demonstrate to our clients that we are here to stay, and that we remain committed to providing top quality products and services" said Mr. Baader, adding that "Morgan Deane has been a key part of the team in achieving this result and he is consequently the logical choice to lead the Helvea-Baader Group forward"

Through its locations in Munich, Frankfurt, Geneva, London, Montreal, New York and Zurich, the Baader-Helvea Group provides its major institutional investors with high quality research together with extensive trading and execution capabilities.

Oliver Riedel has joined the Executive Management Board of Baader Bank AG where, together with Christian Bacherl, he will be responsible for the overall strategy of the Corporates and Markets business, which will include the Helvea Group. In addition, Mr. Riedel will replace Mr. Nico Baader as Chairman of the Helvea SA Supervisory Board effective on July 1st. The composition of the Supervisory Board will otherwise remain unchanged, continuing to be comprised of Dr Catrina Luchsinger Gähwiler, Paul-André Sanglard, Christian Bacherl and Morgan Deane.

Language:   English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleissheim
Germany
Phone: +49 89 5150 1013
Fax: +49 89 5150 29 1880
E-mail:

communications@baaderbank.de

Internet:

www.baaderbank.de

ISIN: DE0005088108
WKN: 508810
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich
(m:access), Stuttgart; Open Market in Frankfurt

Contacts

Baader Bank AG
Name:Florian E. Schopf
Tel:+49 89 5150 1013
Email:communications@baaderbank.de

Baader Bank AG