KfW appoints Aida Welker to the Management Board of its subsidiary KfW IPEX-Bank

• Aida Welker starts as member of the Management Board in charge of Markets on 1 May 2025
• Transition from retiring Management Board member Andreas Ufer as scheduled
• Contract of Dr Velibor Marjanovic extended

Shareholder KfW and the Board of Supervisory Directors of KfW IPEX-Bank have appointed Aida Welker to the Management Board of KfW IPEX-Bank effective 1 May 2025. She will be succeeding Management Board member Andreas Ufer, who is scheduled to retire at the end of April 2025. Aida Welker will take over the responsibilities for Mobility, Infrastructure, Syndication & Treasury and KfW IPEX-Bank Asia Ltd. from her predecessor.

Aida Welker is currently Global Head of Infrastructure at KfW IPEX-Bank and is responsible for one of the four sector departments of the bank. This includes the management of the extensive infrastructure portfolio (approximately EUR 18 billion) and the origination and structuring of new business. Prior to that, she held various management positions within KfW Group. Among other positions, she was head of the Corporate Strategy, Management and Communication department and was responsible for the project management of a central strategy project to reorganise the bank. Prior to that, she worked as a Department Head in credit risk management at KfW IPEX-Bank. Aida Welker has many years of experience in the international export and project finance business and has a deep understanding of the business model, products and relevant markets of KfW IPEX-Bank.

At the same time, KfW and the Board of Supervisory Directors of KfW IPEX-Bank have renewed the contract of Dr Velibor Marjanovic for another five years. Since 1 May 2022, Velibor Marjanovic has been responsible for Industries and Commerce, Energy, Structuring Advisory, Business Ability, Equity Portfolio as well as the London Branch within the Management Board of KfW IPEX-Bank.

Christiane Laibach, Chair of the Board of Supervisory Directors and responsible member of the KfW Executive Board, explained:

"The role of KfW IPEX-Bank is to effectively accompany the transformation process of its customers on the path to greenhouse gas neutrality and to support the German and European export industry. Therefore, I am pleased that we have gained a very experienced bank manager with Aida Welker, who has been very successful in her recent and earlier career on the market side and at the same time has extensive experience in credit risk management as well as in strategy development and management of the bank."

She added:

" I am also pleased that the contract extension of Velibor Marjanovic ensures continuity and experience in the Management Board of KfW IPEX-Bank."

About KfW IPEX Bank

Within KfW Group, KfW IPEX-Bank is responsible for project and export finance. It supports German and European companies operating in key industrial sectors in global markets by structuring medium and long-term financing for their exports, funding infrastructure investments, securing supply of raw materials and by financing environmental and climate change mitigation projects worldwide.

It finances technologies of the future to support the transformation of its customers and the transition towards sustainable society in all three dimensions – economic, environment and social.

As specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise, it takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank operates as a legally independent group subsidiary and is represented in the most important economic and financial centres across the globe.

Portrait photo of Aida Welker:

For reporting purposes, a photo of Aida Welker can be downloaded from KfW's photo archive using the following link: KfW Photo Archiv