22 March 2019

New leadership of the Association of Banks in Hesse

  • Bettina Orlopp elected new Chairman
  • Sarah Schmidtke takes over management of the regional association

Frankfurt am Main, 22 March 2019 – The Members’ Assembly of the Association of Banks in Hesse has elected Bettina Orlopp, Member of the Board of Managing Directors of Commerzbank AG, as its new Chairman. Ms Orlopp will take up her duties on 1 April 2019 and succeeds Frank Behrends, Member of the Board of Directors of ODDO-BHF AG, who is stepping down at the end of his three-year term in office.

Frank Behrends will continue to support the Association of Banks in Hesse as Deputy Chairman of the Board of Directors. Lutz Raettig, Chairman of the Supervisory Board of Morgan Stanley Bank AG, and Tilman Wittershagen, Spokesman for the Central Region Management of Deutsche Bank AG, remain in their posts as fellow Deputy Chairmen of the Board of Directors of the Association of Banks in Hesse.

The Board of Directors of the Association of Banks in Hesse has also appointed Sarah Schmidtke new Managing Director of the association from 1 April 2019. She takes over from Jürgen Ziebe, who has held this office since 2014 and is now retiring.

Bettina Orlopp said: “Frankfurt is an important location which is currently experiencing a lively influx of new activity. I see that as an opportunity to build on the strengths of this location. So I look forward to continuing the successful work of Frank Behrends together with Sarah Schmidtke and her team.”

Frank Behrends thanked Jürgen Ziebe for the fruitful cooperation over the last few years and warmly welcomed Sarah Schmidtke: “At a time of radical change for the financial centre of Hesse, Ms Schmidtke will strengthen our profile with her wealth of political and international experience. The Board of Directors looks forward to working with her,” said Frank Behrends.

Bettina Orlopp has been a member of the Board of Managing Directors of Commerzbank AG since 2016 with responsibility for legal affairs, human resources and compliance. Prior to that, she was Divisional Board Member responsible for Group Development and Strategy at Commerzbank AG and a partner at McKinsey & Company.

Sarah Schmidtke was until now Head of the Frankfurt Office of the European Banking Federation. Previously, she was a financial attaché at the British Embassy in Berlin and worked for several years in investment banking for major international banks in Frankfurt, London and Paris.

About the Association of Banks in Hesse – The association has 112 members which employ a total of around 39,000 employees and include big banks, regional banks, mortgage banks, private bankers and branches of almost all major foreign banks. Expanding and enhancing the importance of Frankfurt am Main as a financial centre is the main focus of the association’s work. It organises discussion forums to promote the exchange of ideas among its member banks. It also cooperates closely with other associations on issues of common interest and discusses issues of industry-wide relevance. The association represents the interests of its members to lawmakers and public authorities in Hesse and to the general public.

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