Frankfurt am Main, 28. November 2013.
- New Board of Management to consist of Thomas Klanten and Dr. Christian Tonnesen.
- Dr. Markus Walch and Karl-Martin im Brahm to leave Board of Management.
- Greater focus to be placed on bank networks.
Deutsche WertpapierService Bank AG (dwpbank) has reshuffled its Board of Management. At its meeting today, the Supervisory Board appointed Thomas Klanten (50) to the bank’s Board of Management. Dr Christian Tonnesen (46) will remain on the Board of Management. Dr Markus Walch, previously Chairman of dwpbank’s Board of Management, and CSO Karl-Martin im Brahm have decided to leave the bank by mutual agreement.
Thomas Klanten, an attorney and experienced executive in the field of transaction banking, will rise to join dwpbank’s Board of Management. He has been with the bank since its formation in 2003, where he has served in executive positions for key operating management functions, and has been an authorised representative (Generalbevollmächtigter) for the past three years. Dr Christian Tonnesen joined dwpbank’s Board of Management in 2011 and has spent that time preparing the bank’s securities service to handle future challenges.
dwpbank intends to further increase the degree of standardisation and automation of its services. As an infrastructure service provider, it will seize on market requirements and implement regulatory developments early on. On the basis of the standard of service offered, dwpbank aims to win over additional major clients on the German market. By contrast, less focus will be placed on international client acquisition activities.
Wilfried Groos, Chairman of the Supervisory Board of dwpbank, says: “We are confident that thanks to the new duo on dwpbank’s Board of Management, we are extremely well positioned to grapple with the future challenges brought about by further standardising the securities business. We count on experienced executives who have a long relationship with dwpbank and a profound understanding of the needs of our two shareholding bank networks, the German Savings Banks Finance Group (Sparkassen-Finanzgruppe) and the German Cooperative Financial Services Network (Genossenschaftliche FinanzGruppe).”
During their many years on the Board of Management, Dr Markus Walch and Karl-Martin im Brahm were responsible for laying the key groundwork which forms the foundation for dwpbank’s continued success on the market over the years to come. This includes the initiated reorganisation of the IT structure and the considerable expansion of dwpbank’s client base.
Wilfried Groos: “In the past years, Dr Markus Walch and Karl-Martin im Brahm have played an integral role in securing dwpbank’s ability to master future challenges and to cement its position as the leading German transaction bank. We thank them for their valuable contribution and their personal commitment in a challenging time of transition, and wish them the very best in their future endeavours.”
Deutsche WertpapierService Bank AG (dwpbank) is the market leader for securities settlement in Germany. It is owned by banks belonging to the German Cooperative Financial Services Network (Genossenschaftliche FinanzGruppe) and the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), which are equal partners.
With approximately 390 direct clients and over 1,500 member banks in total, nearly 75% of all German banks make use of dwpbank’s securities settlement processes and systems.
The transaction bank manages approximately 5.5 million securities accounts across various sectors. It bundles the securities business of the two cooperative central banks of the German Cooperative Financial Services Network, provides more than 85% of the securities services used today by savings banks and state banks (Landesbanken) and is a securities settlement partner for over 30 private and commercial banking institutions.
With approximately 250,000 managed users – investment advisors and bank employees – dwpbank’s central securities settlement platform WP2 is one of the most significant IT applications in the German banking sector.
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