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Management Board of the Auditing Association of German Banks​​ Changing

Former colleague of the later Greensill Bank Supervisory board member has left

The Federal Association of German Banks (BdB) is drawing initial conclusions from the Greensill Bank‘s 3 billion euro compensation case. As the organization confirmed on request of the Börsen-Zeitung, it will analyze the structure of its auditing association and its staff with the help of consulting firms in the coming months. The aim is to reorganize the auditing association’s risk management system and develop its staff in such a way that a case like Greensill is not repeated. Bank President Hans-Walter Peters informed the staff of the auditing association about this, reports Börsen-Zeitung.

The reform announced by BdB President Peters, which also aims to digitize the auditing association, is likely to cost the association a single-digit million amount. ZEB and Deloitte are to advise the organization on developing a target image for a more agile auditing association, while headhunter Egon Zehnder will support them in personnel development and acquisition. First results are expected in early autumn.

A personnel change has already been determined, says Börsen-Zeitung: Manfred Kühnle, spokesman for the board of the 160-person auditing association, will probably take his hat around mid-month, it said. Internally, he has already said goodbye to employees, as can be heard. Hans-Dieter Bienen, who is changing from Deloitte, will initially take up his post on an interim basis.

Manfred Kühnle is an auditor by profession: 1983 – 1985 training as a banker, 1985 – 1986 military service, 1986 – 1992 study of business administration at the Friedrich-Alexander-Universität Erlangen-Nürnberg (Dipl. Kfm.), 1992 – 2002 PwC Deutsche Revision Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Frankfurt am Main (1997 tax consultant exam, 1999 auditor exam, 2001 Certified Public Accountant) and from 2003 Auditing Association of German Banks, Cologne (member of the board since 2004, spokesman for the board since 2009).

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