Aareal Bank Group announced its Supervisory Board and its Chief Financial Officer, Marc Hess, have jointly agreed for him to leave the Group at the end of his contract, which will expire at the end of the year. The Supervisory Board will decide upon a successor for Marc Hess in the Management Board in due course. Marc Hess will keep his current responsibilities until his successor arrives, thus ensuring a smooth handover.

Marc Hess has been Chief Financial Officer (CFO) of Aareal Bank Group since October 2018, being responsible for the Treasury, Finance, and Investor Relations divisions. He also took on interim responsibility for the Group?s Strategy division. Under Marc Hess?

leadership, the Aareal Next Level strategy was successfully revised in 2020, laying the foundation for the strong operating performance of Aareal Bank. From 2007 to 2018, he was Chief Financial Officer of Deutsche Postbank AG.