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Dr. Axel Berger appointed member of FMS Wertmanagement’s Supervisory Board

Munich, 20 June 2014

The Steering Committee of the Federal Agency for Financial Market Stabilisation (FMSA) has appointed Dr. Axel Berger to FMS Wertmanagement’s Supervisory Board with effect from 17 June 2014.

Until mid-last year, Dr. Berger was Vice President of the Financial Reporting Enforcement Panel in Berlin. Prior to that, he served for several years as a Board of Directors member of the Chamber of Public Accountants in Germany. Dr. Berger was also a member of the Supervisory Board of the Institute of Public Auditors in Germany for six years. After completing his business administration studies at Goethe University in Frankfurt am Main, he embarked on a 30-plus-year career at KPMG, most recently serving as a member of the Board of Directors from 1990 to 2004.

Dr. Berger succeeds Professor Dr. Harald Wiedmann, whose Supervisory Board term at FMS Wertmanagement has ended. "We would like to thank Professor Dr. Wiedmann for his strong commitment to the Supervisory Board, particularly as chairman of the audit committee. Thanks to his proven expertise, he was a great help during the difficult set-up phase of the German government’s winding-up institution," says Dr. Christian Bluhm, FMS Wertmanagement's Executive Board spokesman.

FMS Wertmanagement was established in July 2010 for the purpose of taking over and unwinding the HRE Group’s risk positions and non-strategic operations in ways aimed at minimising losses. Favourable funding conditions in the capital markets are key to this endeavour. The Federal Republic of Germany is the sole owner of FMS Wertmanagement via the Financial Market Stabilisation Fund (SoFFin).

If you have any questions, please do not hesitate to contact Andreas Henry, Head of Communications, at +49 89 9547627 250 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..