DGAP-News: Baader Bank AG: Member of the Executive Board Dieter Silmen retires / Executive Board reduced from four to three members / Nico Baader assumes responsibility for Market Making division
(firmenpresse) - DGAP-News: Baader Bank AG / Key word(s): Strategic Company Decision
Baader Bank AG: Member of the Executive Board Dieter Silmen retires /
Executive Board reduced from four to three members / Nico Baader
assumes responsibility for Market Making division
27.11.2013 / 10:51
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Member of the Executive Board Dieter Silmen retires / Executive Board
reduced from four to three members / Nico Baader assumes responsibility for
Market Making division
Dieter Silmen, 63, member of Baader Bank AG's Executive Board responsible
for the Market Making division, has chosen to retire with effect from 31
December 2013. He is leaving the company on good terms and by mutual
agreement.
Mr Silmen's responsibilities will be transferred to Nico Baader, son of the
bank's founder and also a member of the Executive Board. This means that
Nico Baader will be responsible for all of the bank's front office
operations from now on.
Uto Baader, Chairman of the Executive Board and the bank's majority
shareholder, explained the reasons behind this step, stating that 'by
reorganising the positions held on the Executive Board, we are ensuring
structured succession of our bank's management at an early stage.'
Dieter Silmen began his career in 1973 in the securities trading department
of a Munich-based private bank. He moved to BHF Bank in 1978 where he was
responsible for developing and managing its stock exchange trading in
Munich.
Mr Silmen joined Baader Bank on 1 January 2001 as Chief Representative for
Trading and was appointed as a member of Baader Bank's Executive Board in
August 2003.
In the Market Making division, he is responsible for the bank's trading
activities involving shares, bonds, funds, ETFs and securitised derivatives
on stock exchanges in Berlin, Düsseldorf, Frankfurt am Main, Munich and
Stuttgart, as well as off-exchange trading. He is also responsible for the
Treasury unit.
He will continue to assist Baader Bank in an advisory capacity following
his departure at the end of the year.
The Supervisory Board and the Executive Board would like to thank Mr Silmen
for his outstanding work over the years and wish him all the best for the
future.
Contact:
Horst Bertram
Corporate Communications
Investor Relations&Media communication
T +49 89 5150 1882
F +49 89 5150 291882
M +49 151 40266202
communications(at)baaderbank.de
End of Corporate News
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleißheim
Germany
Phone: +49 89 5150 1882
Fax: +49 89 5150 29 1880
E-mail: communications(at)baaderbank.de
Internet: www.baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart; Frankfurt in Open Market
End of News DGAP News-Service
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241889 27.11.2013
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Unternehmensinformation / Kurzprofil:
Datum: 27.11.2013 - 10:51 Uhr
Sprache: Deutsch
News-ID 320693
Anzahl Zeichen: 4075
contact information:
Kategorie:
Business News
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