Nicolas Blanchard appointed new Chief Clients and Products Officer (CCO)

Hamburg/Kiel, December 10, 2018 - The Supervisory Board of HSH Nordbank has appointed Nicolas Blanchard (50) as a new Management Board member. He takes on the role of Chief Clients and Products Officer with immediate effect.

Torsten Temp (58), the long-standing Board member for Markets, will resign his position as of the end of the year and, by amicable agreement, leave the Bank upon expiry of his contract in April 2019. Furthermore, all other Management Board members were confirmed in their positions during today’s meeting of the Supervisory Board. Chief Risk Officer Ulrik Lackschewitz will in future be Deputy Chairman of the Management Board.

The Management Board of HSH Nordbank will from next January comprise Stefan Ermisch (CEO), Ulrik Lackschewitz (CRO), Oliver Gatzke (CFO) and Nicolas Blanchard (CCO), who will be in charge of the entire client business as well as products.

“Our bank has an excellent leadership team, which stands for continuity and looking ahead. Nicolas Blanchard is a personality firmly embedded in the German medium-sized enterprise segment and will make an important contribution to sharpening our image as a leading commercial bank based in Hamburg,” said Juan R. Inciarte, Chairman of the Supervisory Board.

“Torsten Temp was in the toughest times after the financial market crisis responsible for building up our healthy loan portfolio and thereby established the basis for the Bank’s ability to shape its future without public-sector owners. We thank Torsten Temp very much for that and also wish him every success in the future,” said CEO Stefan Ermisch.

Doctor of law Nicolas Blanchard has broad experience with more than twenty years in the European and German banking business. Alongside excellent client, product and capital market expertise, this also includes a strong network among medium-sized German enterprises, which are frequently family-run.

Following various positions at HypoVereinsbank and UniCredit, the Bielefeld raised Frenchman Blanchard was a general partner at Bankhaus Lampe and most recently an of counsel attorney in Munich at Dentons, a leading international law firm.

The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.

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