Baader Bank AG announced that Nico Baader (45) will take over the role of Chairman of the Executive Board at the family-run bank with effect from 1 July 2015. Uto Baader (71), founder and current Chairman, will step down with effect from 30 June 2015 after 32 years at the head of the organisation, concluding a process of generational change at the top of the bank which was initiated in 2009. In addition to his duties as Chairman of the Executive Board, Nico Baader will continue to be responsible for Market Making.

Chief Financial Officer Dieter Brichmann (58), whose contract had been extended early, has been appointed as Deputy Chairman of the Executive Board with effect from 1 July 2015. Underlining the growing importance of the business lines catering to institutional and corporate clients, the Supervisory Board has appointed Christian Bacherl (42) and Oliver Riedel (41) - previously divisional heads - as further Members of the company's Executive Board with effect from 1 July 2015, thereby expanding the Board's membership to four members. Oliver Riedel has worked for Baader Bank since August 2010 and is currently CEO of the Helvea Group.

Christian Bacherl has been with the bank since January 2011 and, in conjunction with Oliver Riedel, is responsible for the firm's Corporates & Markets division, with a focus on Capital Markets. Both previously held leading roles in HypoVereinsbank, the German subsidiary of UniCredit. The bank will continue to benefit from Uto Baader's many years of expertise on a consulting basis.