LBBW Asset Management, the investment fund division of the German Landesbank has announced changes its supervisory board.
Klaus Martini and Frank Hagenstein are set to join the board as of 1 October, while current chairman Rainer Neske and former chairman Jörg Vetter will leave the board. The group aims to confirm the appointment of Martini as new deputy chairman in an election during its next supervisory board meeting.
Martini joins LBBW AM from Deutsche Bank, where he has worked among others as head of European Equities for DWS and as Global CIO for the private client division of Deutsche Bank. He currently acts as an independent investment advisor to businesses and private investors.
From September on, Hagenstein takes on the postion of CIO Capital Markets at LBBW. He joins from Deka Investment, where he most recently worked as head of Investment. Prior to that, he worked among others at Union Investment, HSBC Trinkhaus & Burkhardt in London and for Dresdner Bank.