Financial Services >> CEO Interviews >> April 29, 2002

Karl-heinz Glauner – Aareal Bank (804115.f)

KARL-HEINZ GLAUNER, Chairman of the Members of the Boards of Aareal Bank. Karl-Heinz Glauner is Chairman of the Members of the Boards of Aareal Bank (formerly known as "DePfa Bank AG"), a leading international property bank, based in Wiesbaden in Germany. Whereas other companies merge, Aareal Bank has evolved from the split of the DePfa Group into a Public Finance Bank and a Property Bank. This split will finally be completeted until June 2002. Karl-Heinz Glauner studied law in the former German Capital Bonn. He started his career as a referee for the association of German Mortgage Banks and gained further experience in the Mortgage Bank Sector, among other positions as a director. Karl-Heinz Glauner joined DePfa`s Management Board in 1989. As a property expert, in recent years he has very successfully progressed Aareal Bank`s strategic positioning as an international property bank. At the same time he is Chairman of the Supervisory Board of the wholly-owned subsidiary of Aareal Bank, IT Services, the leading IT-Systems vendor to the real estate industry. He also holds a lot of further mandates for subsidiaries and branches of Aareal Bank Group in different countries. Profile
TWST: Can you provide a brief overview of the last developments of Aareal Bank? Why did DePfa Group chose the strategy of a split whilst other



companies tend to merge?

Mr. Glauner: In