Christoph Müller succeeds Stephan Winkelmeier as Spokesman of the Executive Board

Carola Falkner appointed to the Executive Board

On 3 May 2019, the Supervisory Board of FMS Wertmanagement selected the successor to Executive Board Spokesman Stephan Winkelmeier. In March, Winkelmeier asked the Supervisory Board to release him from his current contract prematurely. Christoph Müller will take over as Spokesman of the Executive Board for the state-owned winding-up institution effective 1 July 2019. Carola Falkner will also be appointed as a new member of the FMS-WM Executive Board effective 1 July 2019.

“The Supervisory Board very much regrets Stephan Winkelmeier’s decision to terminate his contract prematurely but respect his personal reasons for doing so,” said Jan Bettink, Chairman of the Supervisory Board of FMS Wertmanagement. “FMS Wertmanagement has achieved significant success in unwinding its portfolio during his tenure. The Supervisory Board would like to take this opportunity to sincerely thank Stephan Winkelmeier for his excellent work and wish him all the best in his future professional and personal pursuits. At the same time, we are pleased to have immediately found the most suitable successor for this important and challenging assignment in Christoph Müller. He has a proven track record in his role as Chief Risk / Financial Officer, has been familiar with FMS Wertmanagement since it was founded and has played a significant role in its success in recent years.”

The Supervisory Board has appointed Carola Falkner to the Executive Board, who will be responsible for the Asset Management and Group Treasury units as well as Group Internal Audit from 1 July 2019 onwards. “In Carola Falkner, we have gained a high-calibre unit manager for this important leadership role,” Supervisory Board Chairman Jan Bettink added. “Ms Falkner has made a vital contribution to the successful unwinding of the portfolio in recent years, particularly in the Asset Management unit.”

Last year, FMS Wertmanagement’s Chief Operating Officer, Frank Hellwig, had informed the Supervisory Board that he did not wish to extend his contract when it expires. Christoph Müller and Carola Falkner will take over his Executive Board responsibilities after his departure on 1 October 2019.

Christoph Müller (47) joined the Executive Board of FMS Wertmanagement as Chief Risk Officer and Chief Financial Officer in September 2017. The business administration graduate began his career as a credit specialist and corporate client advisor at Volksbank Dreiländereck and Baden-Württembergische Bank. After spending three years in UBS’s Credit Portfolio Management unit, he moved to Credit Suisse in Zurich in 2004, where he held senior positions in the Credit Portfolio Management and Credit Risk Methods units. In November 2010, he became the Managing Director responsible for establishing and developing the Risk, Controlling, Finance and Portfolio Steering units at FMS Wertmanagement.

Carola Falkner (46) has been 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.

FMS-WM was founded in 2010 with the aim of winding up the risk positions and operations that were transferred to the company from the Hypo Real Estate Group (HRE Group) effective 1 October 2010. It is supervised by the Federal Agency for Financial Market Stabilisation.

If you have any questions, please do not hesitate to contact Frank Hessel, Press Spokesman, at +49 (0)89-9547627 647 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..