Baader Bank AG: New executive structure for Swiss subsidiary Helvea
(firmenpresse) - (DGAP-Media / 12.12.2013 / 15:31)
The new management structure for Baader Bank's Swiss subsidiary - Helvea SA
- has been announced. Two representatives of Baader Bank have been
appointed to Helvea's executive team, joining two experienced and proven
executive colleagues from the Swiss company. This ensures continuity at
executive management level while, at the same time, paving the way for
successful integration into the Baader Bank Group. Going forward, the
company will use the brand name 'Helvea - Baader Bank Group'.
The new Chief Executive Officer (CEO) of the Management Board of the Swiss
subsidiary is to be Oliver Riedel. His areas of responsibility within
Helvea will include Sales, Sales Trading and Execution. He already has
responsibility for these areas (amongst others) within Baader Bank in his
position as Co-Head of the Corporates&Markets division. Riedel was one of
the driving forces behind the acquisition of Helvea and its integration
into the Baader Bank Group. He has many years of experience in the capital
markets, especially in the fields of equity trading and sales. Before
joining Baader Bank in 2010, he was Global Head of Cash Equity Trading as
well as Head of Equities Germany at Unicredit in Munich. He will be
supported by Dirk Freitag (authorised signatory at Baader Bank) in the role
of Chief Operating Officer (COO) with responsibility for Back Office,
Middle Office and IT&Operations.
Tim Dawson and Morgan Deane remain members of the Executive Board.
Tim Dawson will continue in his role as Chief Financial Officer (CFO),
responsible for Finance and for Helvea's research activities. There is no
change either to Morgan Deane's position as Chief Compliance Officer (COO)
and General Counsel (GC), responsible for Legal, Compliance, Risk
Management and HR. 'We are looking forward to achieving our ambitious
growth targets as a local broker in German-speaking countries with our
experienced, top-rate management team,' said Nico Baader, Chairman of the
Board of Directors of Helvea SA and Capital Markets Director on the
Executive Board of Baader Bank.
Following Helvea's acquisition by Baader Bank, the company's previous CEO
and founder, Patrick Rosenberg, will leave the company at the end of the
year. He will remain available to the business as a consultant. Baader Bank
acquired 100% of the shares of the Swiss company on 2 August, 2013. Up to
that point, Helvea's shares had been held by the management and employees
of the company. With its acquisition of Helvea, Baader Bank has
significantly expanded its range of services, becoming one of the leading
local brokers in Germany, Austria and Switzerland (the DACH region).
Helvea's locations in Geneva, London, Montreal, New York and Zurich also
make positive contributions in this regard, providing the necessary
proximity to major institutional investors and businesses, not to mention
enhancing the Group's international credentials.
Mainly new appointments have been made to the Supervisory Board of
Directors, which functions as Helvea's supervisory body. Nico Baader,
Member of the Executive Board of Baader Bank- and thus responsible for
Investment Banking and Market Making - is to become Chairman of the Board.
Dr Catrina Luchsinger Gähwiler, with her many years of experience in Swiss
capital markets law, will also join as a member of the Board of Directors,
serving as Vice Chairman. Also appointed to the Board of Directors are
Christian Bacherl (Co-Head Corporates&Markets at Baader Bank), with his
lengthy and extensive experience of capital markets, and Morgan Deane in
his role as an expert on international regulatory issues. He is also member
of the Management Board of Helvea SA.
End of Media Release
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Issuer: Baader Bank AG
Key word(s): Finance
12.12.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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-Media
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244543 12.12.2013
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Datum: 12.12.2013 - 15:31 Uhr
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