Changes in BRE Bank Management Board

Changes in BRE Bank Management Board

On March 14 Mr. Anton M. Burghardt, the First Vice-President of the Management Board and Investment Banking Director in BRE Bank resigned from his service for personal reasons. Mr. Burghardt would be replaced by Mr. Bernd Loewen. 

In the course of his 7-year service in the Management Board, Mr. Burghardt had a decisive influence as regards strengthening of BRE Bank’s position of a leading issue manager at equity market and zloty-denominated debt market. During this term, BRE Bank gained its leading position as a foreign currency and interest rate market maker in the area of spot and derivatives’ transactions as well as in the field of financial advisory services. Mr. Anton M. Burghardt has successfully restructured the Bank’s equity holdings.The appointment of the new Management Board member is scheduled to take place at the forthcoming BRE Bank Supervisory Board meeting which is to be held on March 22, 2005.Mr. Bernd Loewen will be recommended to the Supervisory Board of the Bank by Commerzbank AG, BRE Bank’s main shareholder.Mr. Bernd Loewen (born in Hage, Germany, in 1965) graduated from the Management Department of Münster University in w 1991. During the years 1992 – 1995, Mr. Loewen worked for Altenburg&Tewes AG, an audit company in Wuppertal. He has been employed by Commerzbank AG since 1996: throughout the years 1996-98 in Commerzbank’s HQ in Frankfurt in the Strategic Controlling Department, and during the period 1998 – 2001, in the Corporate and Investment Banking Department. Since January 2002, Mr. Loewen has co-managed and since October 2004 has managed the Commerz Capital Markets Corporation in New York, a fully Commerzbank AG–controlled broker at the capital market, trading in interest rate and equity market financial instruments, as well as creating and selling structured products.Kontakt dla mediów