Paul Wieandt

Paul Wieandt (born January 31, 1936 in Speyer ; † March 20, 2007 ) was a German bank manager and known as a specialist in bank restructuring .

Life

Paul Wieandt studied economics and business administration in Heidelberg . During his studies he became a member of the Frankonia Heidelberg fraternity in the winter semester of 1956/57 . It was in 1968 at the Westphalian Wilhelms University of Münster with a thesis on moving things as objects of credit protection under French law to Dr. jur. PhD .

He worked in various functions for Westfalenbank AG , Merck Finck & Co and Stadtsparkasse Düsseldorf . In 1984 he became CEO of Landesbank Rheinland-Pfalz , which was in a serious crisis.

In 1990 he was commissioned to renovate the bank for public services . Between 1990 and his resignation as CEO in 1997, he implemented radical changes: the branch network was reduced by a fifth to 177 branches, a quarter of the employees and three quarters of the managers had to leave the company. On January 1, 1993, the French bank Crédit Lyonnais acquired the bank, which had meanwhile been renamed BfG Bank AG (today part of Santander Bank ), and Wieandt continued its restructuring policy.

In November 2001 he was called to SchmidtBank as a restructuring engineer and took over the chairmanship of the board . The redevelopment program was very similar to the BfG's Rosskur: half of the 120 branches were closed, 850 of the previous 2000 positions were cut. The direct bank subsidiary Consors was sold. Wieandt remained Chairman of the Board of Management until the Schmidtbank was dissolved in 2004 and then headed Resba, in which the remaining business remained that Commerzbank did not take over.

In 2004 Wieandt became chairman of the board of directors of the ailing Frankfurter Sparkasse . Wieandt has been a member of the board of directors of Hannover Re and the " neue leben insurance group " on several occasions, as well as a board member of Peters Associates AG. Until his death he was chairman of the advisory board of Manic AG, which supported many of its restructuring programs.

honors and awards

Wieandt received numerous honors, including the Federal Cross of Merit and the Chevalier dans L'Ordre National de la Légion d'Honneur . In 1999 he was the founder and until his death chairman of the European Foundation Kaiserdom zu Speyer . He was a board member of Deutsche Sporthilfe and, from 2000, Honorary Consul in Hessen for the Kingdom of Belgium .

family

Paul Wieandt was married and had three children, two of whom are also bank managers. His daughter Dorothee Blessing , formerly Managing Director at Goldman Sachs, is married to Martin Blessing , the former CEO of Commerzbank . His son Axel Wieandt worked in a leading position at Deutsche Bank and on October 7, 2008, he took over as CEO of Hypo Real Estate from Georg Funke . His son Carl worked in investment banking for many years and is now a partner at the management consultancy McKinsey & Company.

Individual evidence

1. ↑ Burschenschafter Stammrolle 1991. S. 150.

Web links

• Dr. Paul Wieandt died at the age of 71