KfW appoints Andreas Ufer to the KfW IPEX-Bank Management Board

Frankfurt am Main (ots) -

- Andreas Ufer, currently Managing Director, to retain his present
role as Chief Risk Officer (CRO)
- Claudia Schneider, Head of Finance and Structuring Advisory,
appointed as new Managing Director

The KfW Group, as shareholder of KfW IPEX-Bank, has appointed
Andreas Ufer to the KfW IPEX-Bank Management Board with effect from 1
May 2015. The position on the Board, which consists of four members,
became vacant in February 2015 when Christiane Laibach left to join
the Management Board of DEG. At the time, Andreas Ufer had already
taken up the role of Chief Risk Officer (CRO). Besides Andreas Ufer,
the Management Board comprises Klaus R. Michalak (CEO and CFO),
Christian K. Murach and Markus Scheer.

"Andreas Ufer is a proven expert in the field of export and
project finance and has in-depth knowledge of KfW IPEX-Bank's
business - not only in the front office, but also on the risk side in
particular. The Board of Supervisory Directors therefore believes he
is the perfect candidate for the important and sensitive position of
CRO," explains Dr Norbert Kloppenburg, Chairman of the Board of
Supervisory Directors of KfW IPEX-Bank GmbH and Member of the
Executive Board of the KfW Group.

Andreas Ufer has worked for KfW since 1988. Following his
traineeship and several years spent working as a project manager in
Export and Project Finance, he was seconded to the Federal Ministry
of Economic Affairs and Technology in 1994 for a period of two years.
Andreas Ufer became Global Head of Power, Renewables and Water in
2002. In 2014, he took charge of Risk Management within KfW-IPEX
Bank, initially jointly with Christiane Laibach, but since February
2015 he has been solely responsible for this division. The business
administration graduate is 54 years old, married and has two
children.

Additionally, on 1 May 2015, Claudia Schneider will take over the
post of Managing Director of KfW IPEX-Bank. She will remain
responsible for Finance and Structuring Advisory at KfW IPEX-Bank.
Before assuming this role, from 1997 onwards she held various
positions at KfW in the area of lending and securitisation, and spent
three years at an international credit insurance company. Claudia
Schneider was born in 1970, is married and has two children.

Pictures of the persons are available under the following links.
Andreas Ufer: https://bildarchiv.kfw.de/index.jsp?doi=kfw-dam-25357
Claudia Schneider:
https://bildarchiv.kfw.de/index.jsp?doi=kfw-dam-25178

Contact:
KfW, Palmengartenstr. 5 - 9, 60325 Frankfurt
Kommunikation (KOM) Wolfram Schweickhardt
Tel. +49 (0)69 7431 1778, Fax: +49 (0)69 7431 3266,
E-Mail: Wolfram.Schweickhardt@kfw.de, Internet: www.kfw.de