Executive Board

The Executive Board members are appointed by the Supervisory Board with FMSA's approval, for terms of no more than four years; they may be reappointed however. The Executive Board represents FMS Wertmanagement in and out of court.

Christoph Müller (Spokesman of the Executive Board)

Christoph MüllerChristoph Müller is Chief Executive Officer and Spokesman of the Executive Board of FMS Wertmanagement since 1 July 2019. Before that, he already held the position of Chief Risk Officer and Chief Financial Officer of FMS-WM since September 2017.

After studying business administration with a focus on banking at the University Villingen-Schwenningen, he worked from 1994 until 2001 as credit specialist and consultant for corporate customers at the Volksbank Dreiländereck and the Baden-Württembergische Bank in Lörrach. After working three years for UBS AG in Zurich as a Transaction Manager in the field of Credit Portfolio Management, he moved on to Credit Suisse, Zurich, in 2004, where he held various leading positions in the units Credit Portfolio Management as well as Credit Risk Methods and Models. Since November 2010, Christoph Müller has held the position of Head of Risk Controlling, Finance & Portfolio Steering at FMS-WM.

Frank Hellwig (Member of the Executive Board)

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Frank Hellwig is responsible as Chief Operating Officer especially for the service and staff functions within the FMS Wertmanagement.

After graduating in business administration, Frank Hellwig initially worked at Hypo-Bank AG before moving to HypoVereinsbank AG in 1998 as deputy director of group-wide accounting, management and controlling. From 2003 to 2009, Mr. Hellwig was a member of the Management Board at Hypo Real Estate Bank AG, where he was responsible for operations, personnel and finance, among others. Most recently, he was head of sourcing and corporate services at Deutsche Pfandbriefbank AG, a position with global responsibilities. He also played a leading role in the formation of FMS Wertmanagement.

Carola Falkner (Member of the Executive Board)

Carola Falknerr

Carola Falkner is Member of the Executive Board at FMS Wertmanagement since 1 July 2019 and responsible for the Asset Management and Group Treasury units as well as Group Internal Audit. Before that, she already held the position of Managing Director of FMS Wertmanagement’s Asset Management unit since June 2017.

A trained lawyer specialising in banking and capital markets law, she began her career in restructuring and reorganisation at Commerzbank AG in 1999. Between 2005 and 2011, Ms Falkner worked for Hudson Advisors Germany, where she was responsible for winding up non-performing loan portfolios. Since May 2011, Carola Falkner has held several positions at FMS Wertmanagement, including Head of Commercial Real Estate.


Organisational Chart FMS Wertmanagement