LONDON–(BUSINESS WIRE)–Barclays in the present day publicizes the appointment of Ingrid Hengster as Nation CEO for Germany, topic to regulatory approval. Ingrid has requested the Chairman of the Board of Supervisory Administrators of KfW to terminate her contract and can agree her Barclays begin date along with her present employer.
Ingrid will even turn into a World Chairman of Funding Banking, becoming a member of the lately launched CIB-wide Global Chairman’s Group, which brings collectively Barclays’ most senior and skilled funding bankers in a brand new position centered on driving consumer relationships, business alternatives and income progress throughout all the financial institution’s enterprise strains and areas.
As Nation CEO, she would be the native chief for Barclays in Germany, answerable for executing the nation technique consistent with the financial institution’s regional and world ambitions. In her Funding Banking position, she is going to act as a senior sponsor for key funding banking shoppers within the DACH area.
Ingrid joins Barclays with greater than 30 years’ expertise in funding banking. She has been a member of KfW Bankengruppe’s Government Board since 2014. Throughout this time she has performed a number one position in constructing KfW’s Enterprise Capital enterprise, and for the reason that outbreak of the pandemic, she has led and organised Covid help programmes for a lot of German firms. Ingrid began her profession in 1984 at Oesterreichische Kontrollbank earlier than becoming a member of Commerzbank the place she was Head of Trade, Oil, Gasoline and Vitality Banking. After taking funding banking management roles at UBS Deutschland and Credit score Suisse, she joined ABN AMRO in 2005 as Nation Government for Germany and Head of World Purchasers for Germany and Austria. Following the takeover of ABN AMRO’s company and funding banking enterprise by Royal Financial institution of Scotland in 2008, Ingrid led the combination and administration of the DACH banking enterprise, changing into Nation Government for DACH at RBS and CEO of RBS Deutschland.
Ingrid will report back to Francesco Ceccato, CEO of Barclays Europe, Reid Marsh, Head of Funding Banking for Europe, Center East and Asia Pacific, and Alex Lynch, World Chairman of Funding Banking, who leads the World Chairman’s Group.
Her arrival follows the appointment of Anthony Samengo-Turner who joins Barclays as Head of M&A for Germany, Austria and Switzerland in September.
Reid Marsh, Head of Funding Banking for Europe, Center East and Asia Pacific, commented: “The DACH area is integral to the success of our banking franchise in Continental Europe and this rent demonstrates our continued funding to additional strengthen our European banking expertise.”
Francesco Ceccato, CEO Barclays Europe commented: “We’ve got bold progress aspirations for Barclays Europe, and enlargement in Germany is on the coronary heart of our technique. Ingrid’s consumer focus and management expertise make her an excellent selection for the Nation CEO position, and I’m assured that our gifted colleagues in Germany will profit enormously from her steerage and counsel.”
Ingrid Hengster mentioned: “The virtually eight years at KfW had been very rewarding as a result of I had the chance to contribute considerably to society in a key place. I’m now wanting ahead to a brand new problem on this thrilling German and world position at Barclays.”