Strong Board of Directors for further growth

Baader Bank is optimally positioned for further growth with its highly skilled management force, thanks to the succession of Dietmar von Blücher as CFO (Chief Financial Officer) and the contracts of Board members Nico Baader (CEO) and Oliver Riedel (Director of Client Business) being extended.

The successful strategic realignment of Baader Bank is becoming apparent as the stock market culture in Germany continues to grow. Baader Bank is one of the leading market makers in the German-speaking region, as well as being the first point of contact for platform business amongst neo-brokers and online asset managers within the area. Reflecting its superior market position, the Bank's income and capital performance has clearly shown positive development in recent quarters. These tremendous successes can be attributed to the strategic decisions made by the Board of Directors.

The restructuring of the Board of Directors will take place on 1 July 2021 following the departure of Dieter Brichmann. After more than 20 years of making a valuable contribution to the Bank, he will be stepping down as CFO on 30 June 2021 to entering his well-earned retirement. During his 20+ years of service, he has supported the business with his financial expertise and led it through a number of various growth phases. Mr Brichmann has been a member of the Board of Directors since May 2000 and has been Deputy Chairman of the Board since July 2015.

"On behalf of the Bank and the Board of Directors, I would like to thank Dieter Brichmann for his constructive collaboration and loyal service over the past 20 years. With his industry knowledge and dependability, he has contributed to the successful development of Baader Bank with no less than a commendable level of added value," said Nico Baader, Chairman of the Board of Directors and CEO.

To ensure a smooth transition, Mr Dietmar von Blücher was appointed General Manager (Generalbevollmächtigter) back at the beginning of 2021. On 1 July 2021, the proven finance and industry expert will succeed to the position of CFO as a member of the Board of Directors. Dietmar von Blücher will bring a high level of expertise to his role - gained primarily through his experience as the former Chief Financial Officer and Chief Information Officer on the Comdirect Bank AG Board of Directors - which will facilitate Baader Bank's further growth and digitization process.

"The Supervisory Board welcomes the restructuring of the Board of Directors and the extension of the Board members' contracts, as well as the appointment of Mr Dietmar von Blücher to the position of CFO. He is a respected financial expert and knows Baader Bank's industry environment extremely well. That's why Baader Bank is optimally positioned for further growth and will maintain its high level of competence within the Board of Directors," enthuses Dr Horst Schiessl, Chairman of the Supervisory Board.

Nico Baader and Oliver Riedel have been appointed for another five years and Dietmar von Blücher (as a new Board member) for three years. The function of Deputy Chairman of the Board, which was held by Dieter Brichmann, is no longer considered necessary, due to the constant Board size of three members.

On his first day as CFO, Mr von Blücher will take part in the virtual shareholders' meeting for the past financial year 2020.

For further information and media enquiries:

Florian E. Schopf
Managing Director
Company Spokesperson
Head of Group Strategy & Communication

Tel. 3
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Baader Bank AG
Weihenstephaner Strasse 4
85716 Unterschleissheim, Germany