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    ARL   DE0005408116

AAREAL BANK AG

(ARL)
  Report
Delayed Xetra  -  04:51 2022-11-29 am EST
33.10 EUR    0.00%
11/17AAREAL BANK AG : Warburg Research sticks Neutral
MD
11/14Afr : Aareal Bank AG: Preliminary announcement of the publication of quarterly reports and quarterly/interim statements
EQ
11/10AAREAL BANK AG : DZ Bank gives a Neutral rating
MD
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Aareal Bank AG Approves Board Changes

08/31/2022 | 08:58am EST

Aareal Bank AG announced that at its AGM held on 31 August 2022, the shareholders elected Henning Giesecke, Denis Hall, Barbara Knoflach, Hans-Hermann Lotter, Marika Lulay and Jose Sevilla Alvarez as new members of the Supervisory Board. The new Supervisory Board members replace the court-appointed members, Holger Giese, Friedrich Munsberg, and Dr Ulrich Theileis who have left the Supervisory Board at their own request, as did Jana Brendel and Elisabeth Stheeman. In addition, Richard Peters has resigned from his office for reasons of age, following nine years as a member of the Supervisory Board.

Chairman of the Supervisory Board, Prof. Dr Hermann Wagner, and Sylvia Seignette will remain in office as shareholder representatives to the Supervisory Board. Overview of the new Supervisory Board members: Henning Gieseckeis a risk management expert who brings property financing, banking business, and corporate governance experience to the table. He has a degree in Business Administration (Diplom-Kaufmann graduate) and prior to joining UniCredit S.p.A. and UniCredit Bank AG as member of the Management Board and Group Chief Risk Officer, held various senior positions at HypoVereinsbank AG over several years.

Henning Giesecke is Vice Chairman of the Supervisory Board of The Social Chain AG, The Social Chain Group AG, and of Linde + Wiemann Holding SE, as well as a member of the Supervisory Board of Erste Abwicklungsanstalt AoR. Denis Hall is a qualified German bank officer with long-standing risk management experience and a focus on banking, M&A, and technology/IT security. Most recently he has served as Chief Risk Officer, Global Consumer Banking, at GE Capital and before that held the position of Chief Risk Officer, Private and Business Clients, for Deutsche Bank.

Denis Hall is a Non-Executive member of the Board of Directors of Auxmoney Europe Holdings Ltd. and Skipton Building Society, and a member of the Supervisory Board of Moneta Money Bank AS. Barbara Knoflach is not only an experienced property asset manager, but also a strategic planning, banking business, IT/digitalisation, and M&A expert. She graduated in Economics with a focus on Computer Science (Diploma Business Economist) and has held numerous positions - for example, Global Head at BNP Paribas Real Estate Investment Management, Deputy CEO of BNP Paribas Real Estate S.A., and CEO of SEB Asset Management AG.

Barbara Knoflach is a member of the Board of Independent Directors of Swiss Prime Site AG, Chair and independent Non-Executive member of the Board of Directors of CTP N.V., and a member of the Supervisory Board of Landmarken AG. She is also the founder and Managing Director of LifeWorkSpace, a consulting and private investment company focused on innovative and sustainable strategies in the property industry. Marika Lulay is a digitalisation, technology, and IT expert, bringing along extensive experience in the areas of strategic planning, M&A, corporate governance, and business and corporate development.

She holds a Master's Degree in Computer Science and is CEO, Executive Director, and Member of the Board of Directors of GFT Technologies SE. In her previous role as COO, Marika Lulay had already been a member of GFT Technologies SE's Board for many years. She is a Supervisory Board member at EnBW AG.

Hans-Hermann Anton Lotter is a seasoned banker commanding vast expertise from mandates in various supervisory boards and advisory bodies. He holds a Dipl.-Math. oec., Master's ("Diplom") degree in Mathematical Economics ("Wirtschaftsmathematik"), worked in investment banking for many years, and has significant experience in the areas of international M&A and joint ventures, strategic planning, accounting and governance.

Hans-Hermann Lotter has been holding offices in investment companies associated with Advent International for several years; currently this includes Atlantic BidCo GmbH in particular. His prior functions included a significant contribution to restructuring Addiko Bank Group. Hans-Hermann Lotter is Chairman of the Board of Directors of TK Elevator GmbH, Chairman of the Board of Directors of AI Alpine (Luxembourg) S.a.r.l, member of the Supervisory Board of Hermes Germany GmbH, and member of the Board of Directors of Vertical Topco S.a.r.l. Jose Sevilla Alvarez can look back on many years of experience in the banking business; his focus lies on risk management, strategic planning, accounting, M&A, and corporate governance.

He holds a degree in Economics and Business Administration and was CEO and Chair of the Risk Committee of Bankia, as well as a Board Member at Spain's BFA Tenedora de Acciones S.A.U. Prior to that, he was a member of the Management Committee of BBVA Group and Board Member at BBVA Bancomer. He is a Non-Executive independent Member of the Board of Directors of Renta 4 Banco in Madrid, Spain.


ę S&P Capital IQ 2022
All news about AAREAL BANK AG
11/17AAREAL BANK AG : Warburg Research sticks Neutral
MD
11/14Afr : Aareal Bank AG: Preliminary announcement of the publication of quarterly reports and..
EQ
11/10AAREAL BANK AG : DZ Bank gives a Neutral rating
MD
11/10Transcript : Aareal Bank AG, Q3 2022 Earnings Call, Nov 10, 2022
CI
11/10Aareal Bank : Analysts' call on the 2022 Q3 figures
PU
11/10Aareal Bank's strong operating performance in the third quarter largely offsets additio..
EQ
11/09Aareal Bank AG Reports Earnings Results for the Nine Months Ended September 30, 2022
CI
11/09Fitch Maintains Aareal's Rating, Negative Outlook Amid Asset Quality Risks
MT
11/07Aareal Bank refinances UK hotel portfolio for Tristan Capital Partners' Fund
EQ
11/03Pacific Retail Capital Partners and Aareal Bank Group Form a Joint-Venture with SL Gree..
CI
More news
Analyst Recommendations on AAREAL BANK AG
More recommendations
Financials
Sales 2022 952 M 989 M 989 M
Net income 2022 128 M 133 M 133 M
Net Debt 2022 - - -
P/E ratio 2022 15,8x
Yield 2022 4,20%
Capitalization 1 981 M 2 057 M 2 057 M
Capi. / Sales 2022 2,08x
Capi. / Sales 2023 1,98x
Nbr of Employees 3 298
Free-Float 92,9%
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Technical analysis trends AAREAL BANK AG
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 33,10 €
Average target price 33,25 €
Spread / Average Target 0,45%
EPS Revisions
Managers and Directors
Jochen Kl÷sges Chief Executive Officer
Marc Oliver He▀ CFO, Head-Treasury, Finance & Controlling
Hermann Wagner Chairman-Supervisory Board
Holger Spielberg Group Technology Officer
Richard Peters Vice Chairman-Supervisory Board
Sector and Competitors