Hamburg Commercial Bank Announces Management Board Changes

Hamburg Commercial Bank AG (HCOB) has announced early changes to its Management Board, ensuring leadership continuity amid strategic realignment efforts. Chief Risk Officer and Deputy CEO Ulrik Lackschewitz, along with Chief Investment Officer Christopher Brody, will step down by the end of 2025. Jens Thiele, a longtime representative of the bank, will join the Management Board as of October 1, 2025, and assume the CIO role in January 2026. Reinout van Riel will join on November 1, 2025, taking over as CRO from January 2026, subject to European Central Bank approval.

This decision aligns with both executives’ choices to not extend their contracts. The Supervisory Board, led by Paulus de Wilt, praised the departing members for their contributions. Meanwhile, CFO Marc Ziegner's contract has been extended, highlighting his key role in HCOB's growth.

These strategic appointments reflect HCOB's commitment to maintaining stability and fostering growth within its leadership during ongoing market developments.