Knobloch parts ways with Eurohypo AG

by Richard Kilner

Story link: Knobloch parts ways with Eurohypo AG

The Supervisory Board of German bank Eurohypo AG met recently, and has agreed to grant Bernd Knobloch’s request to be released from his position as chairman and chief executive officer of the Board of Managing Directors.

Knobloch made the request for his own reasons, citing the successful integration of the firm into Commerzbank as a good time to move on and begin a new chapter.

He has played a role of huge significance for the German firm, which began as an ordinary mortgage institution and has, over the years, developed into a world-class specialist bank for commercial real estate and public finance.

In the first half of 2006 he was appointed to the Board of Managing Directors of Commerzbank, and oversaw the successful integration of Eurohypo into Commerzbank.

Dr Frank Pörschke has been appointed as the new chairman of Eurohypo, by the Supervisory Board at the same meeting, and will assume the role on 1 October of this year.

Pörschke first joined the firm in September 2007 and has held responsibility for market activities within continental Europe, the UK and Latin America.

Supervisory Board chairman, Klaus-Peter Müller, has described Pörschke as a comprehensive expert in real estate.