• Claus-Jürgen Cohausz new Chairman of the Managing Board
• Christiane Wolff becomes Finance Director

Mainz, 8 March 2012 - At its meeting on 1 March 2012 the Supervisory Board of Westdeutsche ImmobilienBank AG (WestImmo) appointed Claus-Jürgen Cohausz as Chairman of the Managing Board with effect on 27 April 2012. It also appointed Christiane Wolff as a new member of the three-strong team. Claus-Jürgen Cohausz succeeds Peter Knopp, who will leave the bank on 27 April 2012 in order to take up new challenges.

Claus-Jürgen Cohausz has been a member of the Board since 2006. In addition to the origination units, in his new role he will also be responsible for the central administrative departments, Treasury and Portfolio and Exit Management.

Alongside risk management, Chief Risk Officer Rainer Spielmann, who has also been a member of the Board since 2006, heads up the back office areas of Credit Management, Property Valuation & Research and Asset Quality as well as the investments of the bank.

Christiane Wolff will take up her post in WestImmo on 16 March 2012. She will be responsible for the Balance Sheet and Accounting, Organisation/IT/Administration, Private Clients (portfolio management) units and the Money Laundering/Compliance department.

Christiane Wolff began her professional career in 1993 at WestLB AG, where she held various managerial positions, including head of Risk Policies and Services and Strategic CRM Projects. In 2006 she joined the Managing Board of readybank ag, where she was in charge of the Risk Management, IT, Organisation, Legal, Auditing and Accounting/Controlling units.