Corporate | 27 November 2013 10:51
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Baader Bank AG / Key word(s): Strategic Company Decision
Dieter Silmen, 63, member of Baader Bank AG’s Executive Board responsible for the Market Making division, has chosen to retire with effect from 31 December 2013. He is leaving the company on good terms and by mutual agreement. Mr Silmen’s responsibilities will be transferred to Nico Baader, son of the bank’s founder and also a member of the Executive Board. This means that Nico Baader will be responsible for all of the bank’s front office operations from now on. Uto Baader, Chairman of the Executive Board and the bank’s majority shareholder, explained the reasons behind this step, stating that ‘by reorganising the positions held on the Executive Board, we are ensuring structured succession of our bank’s management at an early stage.’ Dieter Silmen began his career in 1973 in the securities trading department of a Munich-based private bank. He moved to BHF Bank in 1978 where he was responsible for developing and managing its stock exchange trading in Munich. Mr Silmen joined Baader Bank on 1 January 2001 as Chief Representative for Trading and was appointed as a member of Baader Bank’s Executive Board in August 2003. In the Market Making division, he is responsible for the bank’s trading activities involving shares, bonds, funds, ETFs and securitised derivatives on stock exchanges in Berlin, Düsseldorf, Frankfurt am Main, Munich and Stuttgart, as well as off-exchange trading. He is also responsible for the Treasury unit. He will continue to assist Baader Bank in an advisory capacity following his departure at the end of the year. The Supervisory Board and the Executive Board would like to thank Mr Silmen for his outstanding work over the years and wish him all the best for the future. End of Corporate News 27.11.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Baader Bank AG | |
| Weihenstephaner Str. 4 | ||
| 85716 Unterschleißheim | ||
| Germany | ||
| Phone: | +49 89 5150 1882 | |
| Fax: | +49 89 5150 29 1880 | |
| E-mail: | communications@baaderbank.de | |
| Internet: | www.baaderbank.de | |
| ISIN: | DE0005088108 | |
| WKN: | 508810 | |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München (m:access), Stuttgart; Frankfurt in Open Market | |
| End of News | DGAP News-Service |
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| 241889 27.11.2013 |