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Banking

Knobloch leaves Eurohypo

Bernd Knobloch has left Eurohypo, where he had been chief executive and chairman of the board of managing directors. Frank Pörschke who joined the German real estate lender in September 2007 has been tapped to succeed Knobloch.

Bernd Knobloch: not an easy decision

Bernd Knobloch: not an easy decision

"This was not an easy decision for me," Knobloch said. "But now that the integration of Eurohypo into Commerzbank has been completed, I see the opportunity to open a new chapter in my career." Knobloch is credited with transforming Eurohypo from a conventional mortgage institution into a specialist bank for commercial real estate and public finance. He established Eurohypo’s capital markets-oriented business and expanded the bank’s international business. Following his appointment to the board of managing directors at Commerzbank in early 2006, he led the integration of Eurohypo into the Commerzbank Group.

Since joining last year, Pörschke has been responsible for the bank’s market activities in continental Europe, the UK and Latin America.

Experience

"He is an expert in all aspects of the real estate business. His long-standing international experience that, as well as financing, ranges from developing large-scale commercial properties to successfully running one of Europe’s major real estate companies, are of huge importance for Eurohypo’s international operations," says Klaus-Peter Müller, chairman of the Eurohypo supervisory board.

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