Supervisory Board of the Week: Burkhard Schwenker (M.M. Warburg)

Burkhard Schwenker

Former Roland Berger boss Burkhard Schwenker (61) is to move into the supervisory board of M.M. Warburg at the turn of the year. A few days ago, Hamburger Privatbank announced that the Chairman of the Supervisory Board, Christian Olearius, and his deputy, Max Warburg, would be withdrawing from the three-member Supervisory Board at the same time. The public prosecutor’s office is investigating the two shareholders of the money house in connection with Cum-Ex transactions. According to press reports, the financial supervisory authority BaFin has therefore raised concerns against them.


Bernd Thiemann becomes Chairman of the Supervisory Board

In addition to Burkhard Schwenker, the former HVB manager Claus Nolting (68) is expected to move into the Supervisory Board, who today acts as Managing Director of the US investment house Lone Star in Germany. Christian Olearius’ successor as Chairman of the Supervisory Board will be Bernd Thiemann (76), the only remaining controller. The 76-year-old has been a member of the Supervisory Board for more than 20 years and was previously, among other things, Chairman of the Board of Management of Norddeutsche Landesbank. New member Schwenker, who sits on a number of supervisory boards and boards of directors, already knows the bank as a member of the Shareholders’ Committee.