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Press Release from 2021-09-30 / Group

Stefan Wintels takes up his duties as new Chief Executive Officer of KfW Group on 1 October 2021

With effect from tomorrow, 1 October 2021, Stefan Wintels takes up his post as Chief Executive Officer (CEO) of KfW. Until 1 November 2021, he will lead the KfW Executive Board together with Dr Günther Bräunig (65) as Co-CEO.

After holding various management positions at Deutsche Bank and Citigroup in Frankfurt and London, Stefan Wintels was head of German operations at Citigroup Global Markets Europa AG from 2014 to 2020. In this position, he played a key role in deciding that the Citigroup EU broker/dealer is now based in Frankfurt. As Chief Executive Officer, he was responsible for corporate and investment banking, the European branch network and the internal departments of HR, Internal Auditing and Communications. Since 2020, Stefan Wintels has been Global Co-Head of Financial Institutions Banking, which includes fintechs in addition to banks and insurance companies. In this role, he is also a member of the Global Executive Committee in the department of Banking, Capital Markets & Advisory. Due to his many years of experience, he is very familiar with the international banking business and international financial markets. Stefan Wintels also possesses considerable committee and management experience.

Wintels holds a degree in Business Administration from the Technical University of Berlin and completed the second year of an MBA programme at the University of Illinois in the USA.

Stefan Wintels succeeds Dr Günther Bräunig (65), who will retire on 31 October 2021. In order to ensure a smooth transition, the Board of Supervisory Directors has extended Dr Bräunig’s contract, which originally ended on 30 June 2021, until the end of October 2021. In this respect, Dr Günther Bräunig and Stefan Wintels will act as Co-CEOs of KfW Group in October 2021.

The curriculum vitae and press photos of Stefan Wintels are available on the KfW website.


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Dr Michael Helbig

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