Hypothekarbank Lenzburg AG has expanded its management as of 1 January 2019. The bank also announced that it will open a location in Zurich for the development of digital banking services based on its own core banking system Finstar.
As part of the strategy adopted in 2017, the established branch network with personal customer contact will be supplemented by new digital financial services - in the sense of an open banking approach.
The regional bank is creating two new independent business units with the Operations and Services divisions.
The Services division, which has been led by André Renfer since 2010, is responsible for providing Finstar services to third party institutions and its own bank. The Operations division is headed by Karsten Kunert, who, like Renfer, is also appointed to the executive board. Kunert has been with Hypothekarbank Lenzburg AG since 2017 and has headed the Central Services and Logistics division.