NIBC committed to further strengthen its position in the German market

Corporate News -

NIBC’s continued investment in developing its’ German activities has led to a solid base and sustainable market position. Germany is the second home market for NIBC and in order to further build on our position and continue to grow the German franchise, NIBC has decided to make certain adjustments to its ‘operating model’. In order to enable our client-facing staff to more fully focus on providing NIBC’s services to our clients at their decisive moments, corporate lending execution and loan portfolio management will be pooled for all sector teams. Also, the Vorstand leadership roles for origination and product staff will be merged.

These adjustments are the result of a project led and recommended by Markus Buncsak, CEO Germany. However, given the changed management responsibilities going forward, Mr Buncsak determined that his own added value would be more limited and hence has decided to resign from his role as CEO of Germany as per 1 May 2018 and to leave NIBC. Thom Rasser will take on the role of CEO.

Herman Dijkhuizen, Chairman Aufsichtsrat of NIBC AG: “By implementing these relatively limited organisational changes, we are convinced that we can enable our origination staff to make an even bigger impact at decisive moments for our clients. We have great respect for Markus, both for the way he has led this project, allowing NIBC to prepare for future growth as well as for his choice to leave NIBC. We thank him for his efforts and wish him all the best in the future. Thom Rasser has previously shown he can fulfil the role of CEO well and we are pleased that he is willing to take on that responsibility.”

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