FMS Wertmanagement expands Executive Board
FMS Wertmanagement today announced that its Supervisory Board has appointed Norbert Kickum to the Executive Board, which also makes him the fourth member of the Management Board. Norbert Kickum, who holds a university degree in economics, will become FMS Wertmanagement's Chief Real Estate Officer effective 1 March 2012 and assume responsibility for the Commercial Real Estate and Workout segments, which comprises commercial real estate loans and non-performing real estate loan exposures with a nominal value of more than EUR 20 billion that were taken over from the HRE Group.
"We are delighted to welcome an internationally experienced real estate expert like Norbert Kickum in our team", said Christian Bluhm, member of the Executive Board and Chief Risk Officer of FMS Wertmanagement. Born in Münster, Germany, Norbert Kickum began his professional career at Bayerische Hypotheken- und Wechselbank before taking over as managing director of Siemens Financial Services GmbH. Following several other positions, he then became a member of the Management Board of Aareal Bank AG in Wiesbaden, Germany, where he was responsible for expanding the bank's international business. Most recently, Norbert Kickum was a senior advisor for KPMG AG Wirtschaftsprüfungsgesellschaft.
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. A portfolio with a nominal value of approximately EUR 175,7 billion was transferred to FMS Wertmanagement effective 1 October 2010. 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 89 954 7627 250 or by email at