Dr. Johannes-Jörg Riegler appointed Deputy Chairman of the NORD/LB Managing Board

At its meeting today, Monday, 10 December 2012, the Supervisory Board of NORD/LB Norddeutsche Landesbank appointed Dr. Johannes-Jörg Riegler (48) as Deputy Chairman of the bank’s Managing Board. Dr. Riegler's responsibilities include NORD/LB's Sparkassen savings bank network relationship and, as Chief Risk Officer, NORD/LB Group's risk management. The position of Deputy Chairman had been unoccupied since mid-2011, with its duties provisionally exercised to date by Dr. Riegler.

Having previously held positions with Deutsche Bank and HVB Group, Dr. Riegler joined the NORD/LB Managing Board in October 2005 and initiated a reorientation of the bank's entire risk management framework. "Dr. Riegler stands like no other for the bank's conservative risk policy which has proven very successful and sound in the financial crisis. Besides that, he ensures the bank's close relationship with the Sparkassen savings bank network", said Hartmut Möllring, Chairman of NORD/LB's Supervisory Board and Finance Minister of the federal state of Lower Saxony.


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