New appointments to Management Board of Hamburg Commercial Bank
The Supervisory Board of Hamburg Commercial Bank (HCOB) appointed two new members to the Management Board. Ian Banwell (55) takes on the role of Chief Operating Officer (COO) and starts today.
He previously spent about nine years at Bank of America, including seven years as Chief Investment Officer. Ian Banwell is also founder, sole owner and CEO of Round Table Investment Management Company, LP, an investment management and consulting company. Most recently, he has been with Cerberus as Senior Managing Director since April 2018. His duties at HCOB include chairing the Asset and Liability Committee (ALCO) and taking responsibility for the Bank’s final allocation of capital and liability strategy.
Christopher Brody (50) shall take up the newly created role of Chief Investment Officer (CIO) with responsibilities including reviewing all assets of the bank. Since February 2012, Brody has been President and Chief Investment Officer of a US family office. From September 2008 to October 2011, he held the position of Chief Investment Officer at the Austrian BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft. From March 2001 to September 2008, Mr. Brody was Managing Director of Cerberus Capital Management L.P. Brody is expected to start his new role in the upcoming months.
“Both Ian and Chris are among the most experienced and best in the entire industry. They will bring additional skills and an outstanding network to Hamburg Commercial Bank going forward and they are the perfect addition to the strong management board led by CEO Stefan Ermisch. This bank is set to play its part in the upcoming changes in the German banking landscape”, Juan R. Inciarte, Chairman of the Supervisory Board of Hamburg Commercial Bank, said.
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.
Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.