Dr. Sandra Reich, until now managing director of the Hamburg Stock Exchange and the Hanover Stock Exchange and member of the Executive Board of BÖAG Börsen AG – the parent company operating the two stock exchanges – is joining the management team at the Singapore branch of NORD/LB. She will be taking over there as head of the German Desk, which has the remit of assisting German companies in their business activities in Asia.
Dr. Reich joined BÖAG Börsen AG in 2004. In 2009 the trained banker and business lawyer became the managing director of the stock exchanges in Hamburg and Hanover and was appointed to the Executive Board of BÖAG Börsen AG. She will taking up her new position with NORD/LB on 1 August 2016.
"In Sandra Reich we have gained an excellent and experienced manager", said Dr. Hinrich Holm, member of the NORD/LB Managing Board. "Our activities in Asia are focussed on assisting German clients on their way into the Asian markets. Dr. Reich has excellent contacts with SMEs in northern Germany as a result of her long years of activity for the two stock exchanges. With her expertise she will be offering our clients true added value."
NORD/LB is in the process of expanding its SME business with German companies in Asia. The Singapore branch is the competence centre for the Asia-Pacific region outside of China for credit and financing business with German SME clients of NORD/LB. Further key business fields lie in the financing of projects in the spheres of energy and infrastructure and the financing of ships and aircraft. With a staff of 70 at the branch in Singapore and 20 in Shanghai, NORD/LB is the leading German Landesbank in Asia.
With total assets of EUR 190 billion, NORD/LB is among Germany's leading commercial banks. Its core business fields include corporate banking, structured financing in the energy and infrastructure sectors, ship and aircraft financing, commercial real estate financing, capital market business and the servicing of private and corporate customers. The bank is headquartered in Hanover, Braunschweig and Magdeburg, with branch operations in Düsseldorf, Munich, Hamburg, Schwerin and Stuttgart. NORD/LB is represented outside of Germany by a covered bond bank in Luxembourg and branches in London, New York, Singapore and Shanghai.
