CFO: FC Bayern brings HypoVereinsbank boss

Michael Diederich

Moves from Hypovereinsbank to FC Bayern Munich.

(Photo: Uta Wagner for Handelsblatt)

Frankfurt Change in leadership at the top of Hypovereinsbank: Your boss, Michael Diederich, will move to the FC Bayern Munich soccer club in the coming year, where he will become CFO and deputy to CEO Oliver Kahn. Marion Höllinger, who was previously head of private customers, will take over his position at the bank. The bank and the football club announced this on Thursday.

This makes Hypovereinsbank (HVB) the largest German bank managed by a woman. Höllinger has been working for the subsidiary of the major Italian bank Unicredit for 30 years. She has been a board member for private customers since August 2021, before that she managed the bank’s branch network.

Diederich is considered an ardent supporter of FC Bayern. Since 2018, he has been the HVB boss, like his predecessor Theo Weimer, on the football club’s supervisory board. He is to switch to the board of record champions at the beginning of April so that the previous CFO Jan-Christian Dreesen, who is leaving in July, can train him. Dreesen had not wanted to extend his then expiring contract.

The ties between Hypovereinsbank and FC Bayern have traditionally been close. The money house is not only the house bank of the football club for many years, but also one of the sponsors since 2003. The partnership was extended this year until 2025.

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Diederich will leave the Hypovereinsbank board at the end of February. According to the bank’s will, he should then switch to the institute’s supervisory board. Höllinger’s appointment should then take place on March 1st.

Marion Hollinger

takes over the management of the Hypovereinsbank.

(Photo: Hypovereinsbank)

“Even if the times through which we steer the bank are not easy, we are well positioned to start a new chapter as Unicredit – with a determination and passion that I share with all my colleagues,” says Höllinger quote yourself. There will be no surprises in the strategy, she wrote in a post on the career network LinkedIn.

>> Read here: Despite the energy crisis, bank supervisors do not fear a credit crunch

The head of private customers continues to write that both Diederich and Unicredit boss Andrea Orcel had approached her about the top position. orcel, who heads the supervisory board of his German subsidiary was convinced of the succession plan:

“She has known the bank and the group for many years and during this time has not only demonstrated professional excellence, but also great management and implementation skills,” says Andrea Orcel, Chairman of the Supervisory Board of Hypovereinsbank and CEO of Unicredit. “With Marion Höllinger we have a new CEO who has a deep understanding of the market and the needs of our customers,” he said.

More: Unicredit boss Andrea Orcel expresses interest in acquisitions

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