KfW Board of Supervisory Directors appoints Ms Christiane Laibach to the KfW Group Executive Board effective 1 June 2021

The KfW Board of Supervisory Directors has appointed Ms Christiane Laibach as a Member of the Executive Board of KfW Group for four years, beginning 1 June 2021. This was announced by the Chair of the KfW Board of Supervisory Directors, Mr Olaf Scholz, Federal Minister of Finance, and the Deputy Chair, Mr Peter Altmaier, Federal Minister for Economic Affairs and Energy, following the meeting of the Board of Supervisory Directors on 24 March 2021.

Within the group, the economist Ms Christiane Laibach (59) will be responsible for export and project finance at KfW IPEX-Bank and development cooperation (DC), including the promotional activity of KfW Development Bank and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG).

“Ms Christiane Laibach is a recognised financial expert with excellent international contacts and many years of experience in development finance, as well as export and project finance. These are business sectors that are increasingly significant within KfW Group, as globalisation poses huge challenges for the German economy – and not just during the pandemic,” says Dr Günther Bräunig, Chief Executive Officer of KfW Group. “At the same time, the appointment means that the KfW Executive Board will be 50 per cent female for the first time.”

Ms Christiane Laibach has enjoyed an impressive thirty-year career with KfW. Before her appointment to the KfW Group Executive Board, she has been a member of the Management Board at DEG since 2015, acting as its spokesperson since July 2018 and as Chief Executive Officer since February 2020. From 2008 to 2015, she was responsible for Risk Management and Finance as a member of the Management Board at KfW IPEX-Bank. After studying economics in Mainz, Germany, Christiane Laibach joined KfW in 1990 as a trainee. She then took on various management roles in export and project finance and development cooperation.

Ms Laibach succeeds Professor Joachim Nagel, who left to join the Bank for International Settlements (BIS) on 1 November 2020.

Christiane Laibach

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