Jörn Joseph joins pbb as Chief Risk Officer
24.02.2025
Jörn Joseph will join pbb Deutsche Pfandbriefbank AG’s Management Board as Chief Risk Officer (CRO) on 1 June 2025. He succeeds Andreas Schenk, who will leave the Bank by mutual agreement. Jörn Joseph comes from Deutsche Bank, where he is CRO of the Private Clients Bank Germany. The 54-year-old is also a member of the Management Board at BHW Bausparkasse AG.
“We have found an excellent risk manager for our Bank,’ says Dr Louis Hagen, Chairman of pbb's Supervisory Board. ‘He has profound credit experience in Germany and abroad, and beyond the commercial real estate markets, and he is very familiar with the relevant funding instruments for the Bank. This makes him the ideal addition to our executive team.”
Jörn Joseph began his career at Deutsche Siedlungs- und Landesrentenbank in commercial property financing. At Postbank, he held various roles in credit risk management with a focus on corporate and commercial property financing. In 2011, he became General Manager of Postbank's subsidiary in New York, then Chief Credit Officer Americas at Deutsche Bank in New York, in 2014. Since 2018, Jörn Joseph has been Chief Credit Officer for Private and Business Customers in Germany and, from 2020, CRO responsible for risk management in this business area. Since 2023, he has also been a Member of the Management Board at BHW Bausparkasse.
“Jörn Joseph is an extremely competent executive with extensive management experience in the successful implementation of initiatives to transform banks. This makes him the perfect fit for us,” said Kay Wolf, CEO at pbb. “He has a broad range of experience in portfolio management and the structuring of complex transactions - particularly in commercial real estate. This will enable him to further develop the Bank's risk management and set important trends.”
Media Contact:
Sebastian Zehrer, +49-89-2 880 118 41, sebastian.zehrer(at)pfandbriefbank(dot)com
pbb Deutsche Pfandbriefbank (www.pfandbriefbank.com) is a leading European specialist lender for commercial real estate finance in Europe and the United States of America. pbb is a major issuer of Pfandbriefe, which makes it also an important player in the European covered bond markets overall. pbb's shares are listed on the Frankfurt Stock Exchange.