Deka only takes part in the power struggle at Aareal Bank to a limited extent

Sparkassenfondsgesellschaft holds the majority of its shares for VBL. DZ Bank is making a name for itself with vaccinations, and Amundi, Pliant and Oddo-BHF are making a name for themselves with newcomers. Heard that …?

The headquarters of Aareal Bank in Wiesbaden

… the Sparkasse fund company Deka does not have that much influence on whether the three candidates for the Petrus hedge fund will actually be elected in a ballot against the three incumbent supervisory boards at Aareal Bank’s general meeting on May 18? Together with Petrus, Deka is formally the largest Aareal shareholder with a share package of just under 10 percent, but with 6.5 percent the largest part is held in a special fund of the Federal and State Pension Fund (VBL), which Deka merely stores. VBL exercises its shareholder rights itself, VBL boss Richard Peters is deputy chairman of the Aareal supervisory board, which Petrus has heavily criticized.

… DZ Bank, which orders 85,000 corona self-tests for its employees and has been offering them voluntarily since March 10, will soon also be carrying out Covid vaccinations with the help of company doctors? The top institute of the Volks- und Raiffeisenbanken is building a special vaccination center in the winter garden of the Frankfurt headquarters.

… the former Google manager Jens Quadbeck becomes the new chief sales officer (CSO) of the fintech and corporate credit card provider Pliant?

… Horst Pfeifer, head of X-Tracker ETF sales from 2007 to 2009 and then for years at Lyxor, now heads fund sales in Germany for the largest European asset manager Amundi?

… Susanne Klöss-Braekler, who was on the Postbank Management Board from 2011 to 2020, was newly elected to the Supervisory Board of Bank Oddo-BHF?