appointedSascha Klaus CEO,effective Oct. 1.

Hewill succeed Jan Bettink, who announced in 2015 that he would resign by the endof 2016 for personal reasons.

Klaus,whose previous employers include Deutsche Bank AG and Commerzbank AG, will join the German mortgage lender'smanagement board Sept. 1, before taking up the role of CEO a month later.He was most recently a management board member at Commerzbank's ,formerly known as Eurohypo.

BerlinHyp is owned by Erwerbsgesellschaft der S-Finanzgruppe mbH & Co. KG.