Dr Schröder becomes CEO of KfW

by Richard Kilner

Story link: Dr Schröder becomes CEO of KfW

Dr. Ulrich Schröder has assumed the position of chief executive officer of German bank KfW Bankengruppe.

He succeeds Wolfgang Kroh, who vacated the position to become Speaker of the Board of Managing Directors.

His appointment has been in the pipeline for some time, with the Board of Supervisory Directors of KfW Bankengruppe granting him a place on the Board of Managing Directors and designating him as CEO.

Dr. Schröder began his career in the banking sector a quarter of a century ago, when he joined Westdeutsche Landesbank Girozentrale in 1983.

There he occupied a range of managerial positions, before becoming part of WestLB France, when he was appointed to the Managing Board.

In 2002 he joined the board of NRW.BANK, becoming chairman four years later.