First CEO of Germany's ABV dies

GERMANY - Hans Hermann Reusch, a former head of the pension fund association ABV, has died aged 78.

Reusch was the first chief executive of the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen ABV between 1980 and 1993 - an association supporting pension funds for self-employed professions including doctors, pharmacists, notaries, lawyers or tax consultants.

During his time with the organisation, he fought for the recognition of pension funds for these professions and helped to build the ABV.

He also advised the German government on the second pillar pension system as part of a commission on retirement systems between 1981 and 1983.

He was decorated by the federal government in 1988 for his work regarding pension funds for self-employed.

"Pension funds are mourning Hans Hermann Reusch and thank him for his years of working together. His deeds will outlast him." said Ulrich Krichhoff, the current head of the ABV.

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