GERMANY- HypoVereinsbank, HVB, has made two new appointments within the supervisory board of its own pension fund and at the chemical industry scheme, Chemie Pensionsfonds, which it manages.
The moves follow the departure of Carsten Eckert, former chief executive of Pension Consult, the consulting arm of HypoVereinsbank, who left the bank at the beginning of the month to join Allianz.
Peter Stopfer, head of a sub-unit of HVB’s corporate and markets department was named to sit on the supervisory board of Chemie Pensionsfonds, which is currently administered by the bank.
Guenter Ernst, head of General Secretariat-Corporate Communications is to join the supervisory board of the HVB pension fund.
Eckert, who heads the newly created function responsible for the pensions businesses of Allianz Dresdner Asset Management Deutschland and Dresdnerbank Investment Management, sat on the supervisory boards of HVB Pensionsfonds and Chemie Pensionsfonds.
HVB has already named Thomas Kick to take Eckert’s role at Pension Consult.
The supervisory board of Chemie Pensionsfonds consists of chairman Hans Paul Frey and his deputy, Werner Bischoff. Other members are: Gottlieb Foerster, Juergen Maass, Ronald Seilheimer and Stopfer.
In February Chemie Pensionsfonds said it had achieved a 10.9% return in 2003, compared with 2002’s 6.8% return.