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| Illustration: The Red Dress |
There were plenty of raised eyebrows in Germany in February 2016, when Landesbank Baden-Württemberg (LBBW) announced the appointment of Rainer Neske as its new chief executive.
Neske took up his position at the start of November 2016, replacing Hans-Jörg Vetter, the veteran firefighter who had led the painful but successful restructuring of LBBW after its catastrophic loss of almost €2.1 billion in 2008.
The German media’s surprise at Neske’s appointment was chiefly a product of his 26-year pedigree in the private sector.
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