Hannes Rehm, 65, has been appointed the new management committee spokesman of Germany's financial market stabilisation fund Soffin, launched last October to overcome liquidity problems at financial services companies hit by the credit crisis.
Hannes Rehm, 65, has been appointed the new management committee spokesman of Germany's financial market stabilisation fund Soffin, launched last October to overcome liquidity problems at financial services companies hit by the credit crisis.
Rehm, formerly chairman of NordLB bank, succeeds Gunther Merl. At the same time, Christopher Pleister, former president of the federation of German banks BVR, has replaced Karlheinz Pleister on the management committee.
Between 27 October 2008, when Soffin was established, and the end of January, some EUR 182 bn of stabilisation measures have been approved, of which EUR 164 bn pertain to guarantees and EUR 18 bn to recapitalisations.
