Axel Wieandt

from Wikipedia, the free encyclopedia

Axel Wieandt (born September 19, 1966 in Bochum ) is a German manager .

Origin and education

Axel Wieandt was born in Bochum as the son of Paul Wieandt , who later became a well-known German bank manager.

In 1986 he began studying business administration at WHU - Otto Beisheim School of Management , which he completed in 1990 with a degree in business administration. Between 1988 and 1990 he was a scholarship holder of the German National Academic Foundation . He also obtained an MBA degree from the Kellogg School of Management at Northwestern University (Illinois) in 1992 with a scholarship arranged by the DAAD . 1993 Wieandt was at WHU in Horst Albach to Dr. rer. pole. PhD.

Career

After completing his doctorate, Wieandt began his professional career at McKinsey & Company, first in Düsseldorf and later in Boston . From 1997 to 1998 he then worked for Morgan Stanley in Investment Banking in London .

Deutsche Bank

In 1998 he moved from Morgan Stanley to Deutsche Bank . In 2000, Wieandt was appointed the youngest divisional director in the Corporate Center. In his role as Head of Corporate Development , he and his team were responsible for strategy development and the implementation of strategic transactions. Since 2003 he has also been Global Head of Corporate Investments. In this role, he was responsible for the bank's investment portfolio, which is bundled in the Corporate Investments division.

Hypo Real Estate

In October 2008, Axel Wieandt took over as CEO of Hypo Real Estate, which had got into financial difficulties as a result of the financial crisis . Under his predecessor Georg Funke , after the collapse of Lehman Brothers through its subsidiary Depfa, HRE got into a life-threatening liquidity crisis. It could only be saved with substantial liquidity guarantees and capital aid from the state. This was justified by the bank's systemic importance. In the course of 2009, the federal government finally became the sole owner of the bank.

During his tenure as Chairman of the Management Board, pbb Deutsche Pfandbriefbank was launched as the Group's new “strategic core bank”. Strategic assets and new business with the real estate finance and public finance business areas were bundled in it. As of autumn 2009, Pfandbriefe were issued again through this “good bank”. In addition, the establishment of a " bad bank ", today's FMS Wertmanagement, was prepared. From December 2008 Wieandt temporarily took over the function of CFO in addition to the chairmanship of the board, and from February 2009 also that of the property manager.

On March 25, 2010, Axel Wieandt offered the HRE supervisory board his resignation from the position of CEO. The supervisory board accepted the offer and released him from his offices. According to the HRE press release, the background to this was the differing views of the management between the SoFFin financial market stabilization fund and the CEO. According to insiders, Wieandt demanded more freedom from the state as the bank's sole shareholder. According to his ideas, the core capital ratio should be kept above 10 percent, whereas SoFFin boss Hannes Rehm promised a “careful use” of tax revenues and pushed for a reduction. Another point of contention was the question of whether employees who are important for the restructuring can be kept in the company by granting contractually agreed bonus payments of EUR 25 million. Wieandt feared an exodus of the specialists, which had already started at the New York and Dublin locations , because the competition was tempting with higher salaries. Far more expensive consultants would then have to fill the gap. SoFFin initially opposed the bonus payments. A third reason for Wieandt's departure was SoFFin's endeavor to enforce extensive information requirements at short intervals. In the event of violations, contractual penalties in the millions should be due, which the bank could have passed on to its board members. Wieandt opposed this increased liability. According to insiders, this was the crux of the matter.

There was controversy in the media about the pension scheme for Axel Wieandt. The Supervisory Board granted him from the age of 60, a pension p of 240,000 euros. a. According to the HRE Supervisory Board Chairman Michael Endres, the regulation was made with the knowledge of SoFFin and the Federal Ministry of Finance. The Parliamentary State Secretary Steffen Kampeter ( CDU ) initially denied this; After an informative e-mail from Endres to SoFFin boss Hannes Rehm became known , he withdrew his denial.

Return to Deutsche Bank

On June 1, 2010, Wieandt returned to Deutsche Bank. He was Managing Director in the Corporate Center and took care of integration projects.

In the summer of 2010 there were reports in the media that the appointment of Axel Wieandt as head of the Deutsche Bank subsidiary BHF Bank surprisingly failed due to concerns of the BaFin employee responsible and that Deutsche Bank had refrained from making a formal application. BaFin President Jochen Sanio , however, cleared up possible objections in a personal conversation with Axel Wieandt in Bonn and also confirmed to the press that “he sees no regulatory reason why Wieandt is not an option for future managerial posts”.

Credit Suisse

On July 1, 2011, Axel Wieandt moved to the Investment Banking division of Credit Suisse Germany as Managing Director . There he was responsible for the support of financial service providers in Germany, Austria, Scandinavia and Russia as well as selected customers from other industries. Wieandt left Credit Suisse after just one year in June 2012.

Valovis Bank

On October 26, 2012, Axel Wieandt was appointed CEO of Valovis Bank . Due to the need to write down Greek bonds in December 2011, the bank got into trouble and had to be supported and taken over by the Association of German Banks . According to the Frankfurter Allgemeine Zeitung , Wieandt took on "a difficult restructuring case". On June 30, 2015, he left the Management Board of Valovis Bank.

further activities

Axel Wieandt has been a lecturer at WHU, where he studied, since 2002. Since 2005 he has been teaching with the title of honorary professor .

Since 2009 he has been a member of the Board of Trustees of the European Kaiserdom Foundation in Speyer .

Wieandt has also been Chairman Europe, Middle East, Africa of the Kellogg Alumni Council since 2009.

He has been a member of Aquila Capital's advisory board since February 2011 .

He has been a member of the auxmoney Advisory Board since October 2012.

Personal

Axel Wieandt comes from a banking family. His father Paul Wieandt was chairman of the board of the Landesbank Rheinland-Pfalz , the Bank für Gemeinwirtschaft (BfG) and the SchmidtBank . His sister Dorothee Blessing is the head of JP Morgan in Germany and is married to Martin Blessing , the former CEO of Commerzbank . His brother Carl Wieandt was most recently a partner at McKinsey & Company in the corporate finance department.

Axel Wieandt is married and has two children.

Publications

Articles (selected articles)
  • Contestable markets - a model for competition policy? (with Harald Wiese), in: ORDO, Volume 44, 1993, pp. 185-202.
  • Sunken costs and strategic corporate management , in: ZfB, 64th Jg. (1994), no. 8, pp. 99–116.
  • Innovation and the Creation, Development and Destruction of Markets in the World machine Tool Industry , in: Small Business Economics, Vol. 6, 1994, pp. 421-437.
  • Biotechnology: The emerging battlefield for US and Japanese pharmaceutical companies (with Naseem Amin), in: Technology Analysis & Strategic Management, Vol. 6, No. 4, 1994, pp. 423-435.
  • The development of markets through innovations , in: ZfbF, Issue 10, October 1994, pp. 852–870.
  • Deutsche Bank: Prepared for profitable growth (with Michael Bachschuster), in: Sebastian Raisch, Gilbert Probst, Peter Gomez (eds.): Paths to growth - How to achieve sustainable business success, April 2007, pp. 218–233.
  • Realignment of Deutschland AG (with Anna Magdalena Haslinger), in: Martin Glaum, Ulrich Hommel, Dieter Thomaschewski (eds.): Internationalization and corporate success, November 2007, pp. 339–359.
  • The Challenge of Climate Change - The Financial Market Perspective (with Thorsten Peppler), in: Die Bank, Issue September 2008, pp. 12–17.
  • Deutsche Pfandbriefbank as a real estate and public financier, in: Real Estate & Financing, October 2009, pp. 658–660.
  • Too Big to Fail? - Leçons de la crise financière (with Sebastian C. Mönninghoff), in: Revue d'économie financière, 2011.
  • The Financial Crisis: Observations and Implications - The HRE Case Study (with Sebastian C. Mönninghoff), in: Schmalenbach's Journal for Business Research, Volume 63, August 2011, pp. 508-530.
  • Sustainability - Entrepreneurial action with global responsibility , in: Journal for the entire credit system, Verlag Fritz Knapp GmbH, edition 15/2011, pp. 33–38
  • Financial systems need effective bail-in regulation , in: Börsenzeitung, July 4, 2013.
Books

literature

Web links

Individual evidence

  1. ↑ a b c Axel Wieandt. WHU, accessed on January 14, 2016 (CV Axel Wieandt).
  2. ↑ From advisor to bank chief , Karriere, October 17, 2008
  3. ↑ Head of the day: Axel Wieandt ( Memento from September 17, 2009 in the Internet Archive ) , FTD, December 21, 2008
  4. ^ Wieandt follows Virtue , Manager Magazin, February 21, 2003
  5. ↑ From advisor to bank chief , Karriere, October 17, 2008
  6. ↑ announced on October 7, 2008, took office on October 13, 2008; Axel Wieandt becomes the new CEO of Hypo Real Estate , dpa German Press Agency, October 7, 2008
  7. ↑ In the Grave of Big Money , Der Spiegel, February 2, 2009
  8. ↑ HRE is now called Deutsche Pfandbriefbank , Manager Magazin, June 29, 2009
  9. ↑ Hypo Real Estate Annual Report 2009 ( Memento from September 29, 2011 in the Internet Archive )
  10. ^ Press release from Hypo Real Estate ( Memento of September 29, 2011 in the Internet Archive ) , March 25, 2010
  11. ↑ Axel Wieandt resigns , Manager Magazin, March 25, 2010
  12. ^ Continuing Skirmishes , Der Spiegel, March 29, 2010
  13. ^ Continuing Skirmishes , Der Spiegel, March 29, 2010
  14. ^ The bench on the political altar , Die Welt, September 27, 2010; HRE bankers in particular need a top salary , Die Welt, September 26, 2010;
  15. ↑ Federal government steals from responsibility with HRE pensions , Die Welt, 23 September 2010
  16. ^ Ministry of Finance in Difficulty , sueddeutsche.de 23 September 2010
  17. ^ Wieandt returns to Deutsche Bank , Handelsblatt, June 1, 2010
  18. ↑ The ex-HRE boss and the banking license , Die Welt, September 20, 2010
  19. ↑ The Control Freak Show . In: Capital . No. 12 , 2010, p. 122 .
  20. ↑ Spiegel-Online June 15, 2011: Ackermann loses young star
  21. ↑ Axel Wieandt in the career dead end . In: Frankfurter Allgemeine Zeitung . No. 144 , June 23, 2012, p. 16 .
  22. ↑ Axel Wieandt becomes head of the Valovis Bank restructuring case . In: Frankfurter Allgemeine Zeitung . October 27, 2012, p. 18 .
  23. ↑ Scheduled personnel changes in the Management Board and Supervisory Board in the course of the continued successful downsizing of Valovis Bank. Valovis Bank, March 3, 2015, accessed on August 21, 2015 (press release).
  24. ^ Board of Trustees ( Memento of May 14, 2011 in the Internet Archive ) , European Foundation Imperial Cathedral in Speyer
  25. ^ Alumni Profile , Kellogg School of Management Alumni
  26. ↑ Management ( Memento of November 28, 2011 in the Internet Archive ) , Aquila Capital
  27. ↑ [1] , auxmoney
personal data
SURNAME Wieandt, Axel
BRIEF DESCRIPTION German manager
DATE OF BIRTH September 19, 1966
PLACE OF BIRTH Bochum