OLB Completes Management Board Appointments, Positioning Bank for Next Phase of Development

OLB has completed the previously announced reconstitution of its Management Board, effective 1 October 2026. The appointments, made by the Supervisory Board in coordination with supervisory authorities, bring new leadership to critical roles as the bank enters its next phase of development. Michael Fust has been appointed Chief Financial Officer, succeeding Dr Rainer Polster, who left the bank on 30 September 2026. Fust, who joined OLB as General Representative in January 2026, previously spent around 16 years at KPMG before becoming Head of Finance at TARGO Deutschland GmbH in July 2016. Annett Daldrup has been appointed Chief Risk Officer. She had been acting as General Representative of OLB since July 2026 and also served as General Representative of TARGO Deutschland GmbH since March 2026. Daldrup joined TARGOBANK in January 2025 as Chief Credit Officer Corporate Lending, overseeing credit risk management in corporate banking. Her prior experience includes positions at Airbus Bank GmbH and UniCredit Bank AG. Chris Eggert, previously Chief Risk Officer, has assumed the role of Chief Investment Officer. He is responsible for cash flow-based financing activities within the Corporates & Diversified Lending segment, which includes Corporates, Acquisition Finance, Football Finance, Fund Finance, Export Finance, and Financing Solutions. Eggert, who was appointed Chief Risk Officer in June 2022 and had headed Credit Risk Management since 2018, is expected to drive the expansion of this business. The new Management Board consists of Christophe Jehan (Chief Executive Officer), Annett Daldrup (Chief Risk Officer), Chris Eggert (Chief Investment Officer), Michael Fust (Chief Financial Officer), and Dr Andreas Houben (Chief Sales Officer). Christian Bessenroth, a General Representative since April 2026, completes the Management Team and is responsible for asset-based financing activities within the Corporates & Diversified Lending segment, including Commercial Real Estate, International Diversified Lending, Shipping, and Renewables. He reports to Chris Eggert. Bessenroth joined OLB in October 2021 as Head of Corporate Real Estate & International Diversified Lending and previously worked for BAWAG Group. “With its proven leadership and complementary areas of expertise, OLB’s Management Team is ideally positioned to lead the Bank into its next phase of development,” says Isabelle Chevelard, Chairwoman of the Supervisory Board of OLB. This leadership transition is significant as OLB, a universal bank with over 150 years of history in north-west Germany, became a significant financial institution under direct European Central Bank supervision in early 2025 and has been owned by TARGO Deutschland GmbH, part of the cooperative Credit Mutuel Alliance Federale, since January 2026. The appointments align with OLB’s strategic focus on its two business areas, Private & Business Customers and Corporates & Diversified Lending, serving about one million customers through 80 branches and digital channels. With total assets exceeding EUR 30 billion and around 1,700 employees, the bank is poised to leverage its new management team’s expertise to navigate the evolving financial landscape. For more information, visit www.olb.de and www.neelmeyer.de, or follow OLB on Facebook and Instagram. The original release is available on www.newmediawire.com.