Haagmann follows Reinke as boss | EUROtoday

An period ends at Union Investment in precisely one yr. Hans Joachim Reinke, who has efficiently and undisputedly and undisputed the fund firm of the Volks- und Raiffeisenbanken since 2010, will retire at virtually 64. As of April 1, 2026, the Supervisory Board, chaired by Cornelius Riese, the CEO of the dad or mum firm DZ Bank, André Haagmann as CEO.

As Reinke, who has been working for Union Investment for 34 years and name virtually all of them within the monetary world “AKI”, his 52 -year -old successor Haagmann is sort of a grown. After seven years as a administration advisor at Oliver Wyman, Haagmann got here to the fund firm of the cooperative banking group in 2006 and led the group improvement for eight years. Haagmann had beforehand accomplished an apprenticeship at Dresdner Bank and a enterprise administration in Münster and Los Angeles. At Union Investment, he made a profession within the institutional enterprise: he suggested pension funds, insurers, foundations and church banks of their investments.

Since March 2022, Haagmann has been a member of the board and, along with institutional buyer enterprise, additionally answerable for the true property enterprise. There was an uncommon failure for Union final yr: The fund firm needed to have the property inventory of its Uni-Immo Real property assets re-evaluated, which triggered a radical discount in share costs by round 17 %. Consumer advocates derive a attainable declare to compensation as a result of the fund was offered as low in danger.

So far, this fiasco has not led to people and Raiffeisen banks promote fewer Union funds, quite the opposite. Also due to the gross sales power of Reinke, who began his profession at Volksbank Wachtberg in 1987, the loyalty to the people and Raiffeisen banks is considerably bigger than amongst financial savings banks, which, along with its personal fund firm Deka, have extra funds from different capital investments a minimum of on request. Thanks to the gross sales efficiency of the VR banks and the value positive aspects of inventory and bond markets, the shopper property managed by Union for the primary time exceeded 500 billion euros. In addition to the insurer R+V and the not too long ago weakening Bausparkasse Schwäbisch Hall, the fund firm at all times delivers the biggest revenue contribution of all subsidiaries at DZ Bank – most not too long ago in 2024 the report insert revenue of 1.2 billion euros.

So Haagmann steps in large footsteps. And Reinke would not need to relaxation. “Anyone who knows me knows exactly that I will not find any rest in retirement afterwards,” he let himself be quoted in a press launch. In it, Reinke confirmed himself open to engagements in politics and on supervisory and advisory boards: “I don’t yet know what is waiting for me. But I am sure that this new phase of life will offer me many exciting challenges in politics, asset management industry and financial industry.”