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Aareal Bank taps SocGen's FIG M&A specialist

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Aareal Bank taps SocGen's FIG M&A specialist

Aareal BankAG on May 3 announced the appointment of René Steurer groupmanaging director of corporate strategy, effective July 1, as part of thebank's "Aareal 2020" strategy, which it unveiled in February.

Steurer will be responsible for Aareal Bank Group'slong-term strategic development, strategic project portfolio management, equityinvestments and M&A activities. In the newly created position, he willreport to Hermann Merkens, who is chairman of the bank's management board.

Since 2011, Steurer has built up the M&A consultingbusiness for financial institutions in German-speaking countries and forEuropean specialist financing providers at Société Générale SA, managing these activities asmanaging director.

Aareal Bank also named Holger Spielberg group technologyofficer, effective July 1. Spielberg previously served as managing director ofdigital private banking and head of innovation at Credit Suisse Group AG in Zurich.