DGAP-News

Corestate Capital Holding S.A.: CORESTATE Capital Group signs consulting agreement with Axel Wieandt

DGAP-News: Corestate Capital Holding S.A. / Key word(s): Change of Personnel Corestate Capital Holding S.A.: CORESTATE Capital Group signs consulting agreement with Axel Wieandt 27.04.2017 / 09:00 The issuer is solely responsible for the content of this announcement. CORESTATE Capital Group signs consulting agreement with Axel Wieandt CORESTATE Capital Holding S.A. (CORESTATE), a fully integrated investment manager and co-investor based in Luxembourg, has signed an agreement with Axel Wieandt who will consult on matters of post-merger integration and repositioning of shareholdings. Under the mandate, Axel Wieandt will support the CORESTATE management team in preparing different activities related to the acquisition of the Hannover Leasing Group, among other things. Last December, CORESTATE had purchased a 94.9% stake in the Hannover Leasing Group from Helaba and HTSB. Completion of the transaction is still subject to the conclusion of owner control procedures by BaFin, which is expected to occur in the first half of 2017. Axel Wieandt holds a master's degree and a doctorate in business administration from WHU, Otto Beisheim School of Management (WHU). He started his career at McKinsey and then Morgan Stanley. In 2000, he was the youngest divisional head at Deutsche Bank, responsible for Corporate Development. From 2003 onwards, he also served as Global Head of Corporate Investments. Subsequently, Axel Wieandt spent two years as the Chief Executive Officer and Chairman of the Management Board of Hypo Real Estate Holding. In 2010, he returned to Deutsche Bank as a Managing Director responsible for Integration Management. After serving as the Managing Director Investment Banking of Credit Suisse Germany, he was appointed Chief Executive Officer and Chairman of the Management Board of Valovis Bank, previously Karstadt-Quelle-Bank, in October 2012. In mid-2015, Axel Wieandt resigned from the Management Board of Valovis Bank. In addition to his corporate commitments, Axel Wieandt has been an honorary professor at his alma mater, WHU, since 2005.