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Changes in BayernLB’s Board of Management

23 November 2012

Michael Bücker named as new member

Munich – In its meeting today, BayernLB's Board of Administration appointed Michael Bücker, 50, to the Board of Management with effect as from 1 February 2013. He will replace Jan-Christian Dreesen who is leaving to join FC Bayern München as the company’s new Chief Financial Officer. Michael Bücker has been CEO of Commerzbank's asset management subsidiary Commerz Real AG in Wiesbaden, Germany, since 2009. Prior to that, Bücker, a business administration graduate, was responsible for Commerzbank's business with corporate customers in southern Bavaria.

Dr Markus Söder, Chairman of BayernLB's Board of Administration and Bavarian Minister of Finance, commented: "The rapid appointment of Michael Bücker underlines the attractiveness of the new BayernLB as an employer. We are confident that Mr Bücker's long and extensive experience in the area of corporate banking will enable him, together with his fellow Board of Management members, to continue driving forward BayernLB's success in business with large corporate and Mittelstand customers."

Gerd Haeusler, CEO of BayernLB added: "We look forward to Michael Bücker joining us as a colleague. He is a highly customer-oriented team player with a deep knowledge of the Bavarian and German corporate banking market. I am convinced that he is the right person to help us achieve our ambitious growth targets, especially in business with German Mittelstand customers."

Michael Bücker has spent most of his career in the Commerzbank Group. After studying business administration at the University of Münster, he began working at Commerz- und Leasing GmbH in the northern German city of Hamburg. He then spent time at Deutsche Immobilien Leasing GmbH before switching to Commerzbank's corporate banking business in Frankfurt, Germany. Following a succession of management positions in the corporate banking/lending division, he was tapped to head operations in southern Germany with responsibility for all of Commerzbank's structured finance activities with Mittelstand customers in that region. In 2005, Bücker became a member of the managing board of Commerzbank's regional branch office in Munich, Germany, where he was responsible for business with corporate customers in Munich and upper Bavaria as well as the neighbouring regions of lower Bavaria, Swabia and Allgäu. In 2008, he was head of the branch's managing board before joining Commerz Real AG in Wiesbaden, Germany, as its CEO.


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