MPC Capital selects new CEO

Baack succeeds Ulf Holländer, who transitions to the firm's supervisory board after 24 years on the management board and nine as CEO.

Baack has been with MPC Capital since 2008 and has been a member of the management board since 2015, responsible for the Shipping division.

Prior to this, he held various management positions in the company in Germany and abroad. This mainly includes the launch of numerous investment structures and companies as well as the expansion of the maritime services business. Constantin Baack began his professional career at Hamburg Süd before moving to Ernst & Young in auditing and transaction advisory.

In addition, the supervisory board appointed Christian Schwenkenbecher to the company's management board as chief client officer.

Schwenkenbecher has been head of institutional sales & products at MPC Capital since 2022. Previously, he spent 10 years in investment banking at Hauck Aufhäuser Lampe, where he was responsible for transaction and sales activities in London.

Dr. Axel Schroeder, chairman of the supervisory board, said: 'Ulf Holländer has had a decisive influence on our company and as CEO since 2015 has played a key role in the successful repositioning of the company.

'It is thanks to his outstanding work that MPC Capital is now a broadly and solidly positioned asset and investment manager. We would like to thank Ulf Holländer most sincerely for this.

'We are delighted that Constantin Baack, an experienced manager from our own ranks, is now taking over as CEO. In close cooperation with Ulf Holländer and CFO Dr. Philipp Lauenstein, Constantin Baack has driven the successful transformation of MPC Capital into a globally active investment and services group in recent years.'

Said Baack: 'We see enormous development opportunities arising in particular from the accelerated energy transition and the necessary decarbonisation of global trade. We need to capitalize on this potential and related opportunities.'