Thomas Jakob to head Hamburg Commercial Bank's corporate client business as of 2020

Hamburg, August 21, 2019 - Hamburg Commercial Bank AG (HCOB) is further strengthening its nationwide corporate client business: Thomas Jakob will be responsible for all corporate banking and advisory activities from January 2020.

Thomas Jakob

Jakob, 53, is one of the most versatile bankers with decades of experience in the German medium-sized and wholesale business.

"Thomas Jakob is a real asset for Hamburg Commercial Bank: he has an excellent network in the German corporate sector. He stands for strong customer loyalty in the lending business and in corporate finance and will give HCOB decisive impetus as a commercial bank," said Nicolas Blanchard, Chief Clients and Products Officer of Hamburg Commercial Bank AG.

Thomas Jakob started his career at Bayerische Vereinsbank as a trained banker and with a degree in business administration at the interface between corporate customer and capital market business. In the merged HVB Group, he was responsible, among other things, for business with multinational groups in the key industries telecommunications and electronics. After moving to the public sector in 2006, he was promoted to deputy CEO of Kreissparkasse Biberach and returned to UniCredit/HVB in Munich in 2017 as a member of the management team for corporate customers and regional manager for the southwest of Germany.

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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