Varengold Wertpapierhandelsbank AG announced that the supervisory board has appointed Dr. Bernhard Fuhrmann and Friedrich Verspohl to additional members of the management board with effect from April 15, 2013. 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', in South Africa and Indonesia.

Dr. Bernhard Fuhrmann was responsible at different banks like 'Bayerische Hypovereinsbank', 'Deutsche Bank' as well as 'Eurohypo', interalia, in London for the risk- and finance divisions.