KfW: DEG Management Board Changes – Christiane Laibach to Chair
KfW has announced personnel changes to the Management Board of its subsidiary DEG. Christiane Laibach will assume the position of chair of the DEG Management Board on July 1, 2018.
Frankfurt – KfW announced significant personnel changes to the Management Board of its subsidiary, DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH). Current Chairman Bruno Wenn will take early retirement on June 30, 2018. Christiane Laibach has been appointed as his successor and will begin her term as chair on July 1, 2018.
Laibach has served as a member of DEG's Management Board since 2015, overseeing Corporates, Funds, and Customer Solutions. She joined KfW in 1990 and previously held a position on the Management Board of KfW IPEX-Bank from 2008 to 2015.
Monika Beck will join the DEG Management Board on July 1, 2018, taking over Laibach's previous responsibilities. Beck has been with KfW since 2001, holding various management roles within the KfW Development Bank's divisions for Eastern Europe and Africa/Middle East. Since 2015, she has led KfW's Compliance department, focusing on fraud prevention and anti-money laundering regulations.
Philipp Kreutz will continue his role as a member of DEG's Management Board. DEG is a German investment and development company that finances and supports private enterprises in developing and emerging markets. It operates as a subsidiary of KfW Group.