Baader Bank AG's Supervisory Board Resolves on Executive Board Changes to Pass Responsibility to the Next Generation: Nico Baader Appointed as New Chairman of the Executive Board and Board Expanded to Four Members

MUNICH--()--Nico Baader (45) will take over the role of Chairman of the Executive Board at the family-run bank with effect from 1 July 2015. Uto Baader (71), founder and current Chairman, will step down with effect from 30 June 2015 after 32 years at the head of the organisation, concluding a process of generational change at the top of the bank which was initiated in 2009. In addition to his duties as Chairman of the Executive Board, Nico Baader will continue to be responsible for Market Making. Chief Financial Officer Dieter Brichmann (58), whose contract had been extended early, has been appointed as Deputy Chairman of the Executive Board with effect from 1 July 2015.

Underlining the growing importance of the business lines catering to institutional and corporate clients, the Supervisory Board has appointed Christian Bacherl (42) and Oliver Riedel (41) - previously divisional heads - as further Members of the company's Executive Board with effect from 1 July 2015, thereby expanding the Board's membership to four members. Oliver Riedel has worked for Baader Bank since August 2010 and is currently CEO of the Helvea Group, a wholly-owned subsidiary of Baader Bank. Christian Bacherl has been with the bank since January 2011 and, in conjunction with Oliver Riedel, is responsible for the firm's Corporates & Markets division, with a focus on Capital Markets. Both previously held leading roles in HypoVereinsbank, the German subsidiary of UniCredit.

The bank will continue to benefit from Uto Baader's many years of expertise on a consulting basis.

Dr Horst Schiessl, Chairman of the Supervisory Board, expresses his particular gratitude to Uto Baader for his outstanding achievements over the last 32 years in the name of the whole Supervisory Board: "Uto Baader turned an independent specialist firm on the Bavarian Stock Exchange, with initially two employees, into an international banking institution that now employs approximately 470 people and is present in ten locations around the world. We are pleased to have accompanied the successful transition of generations and wish Uto Baader's son, Nico Baader, and the entire Executive Board every success at the helm of the bank."

Language:       English    
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleißheim
Phone: +49 89 5150 1881
Fax: +49 89 5150 29 1880


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


Baader Bank AG
Hans-Wilhelm Eckert
Tel:+49 89 5150 1881

Baader Bank AG