Dirk Jens Nonnenmacher
Dirk Jens Nonnenmacher F. ( born June 3, 1963 in Karlsruhe ) is a German mathematician and managers. By 31 March 2011, he was CEO of HSH Nordbank.
Life
Nonnenmacher studied mathematics and medicine at the University of Ulm. In 1990 he received his doctorate at the mathematician Wolfgang Jurkat in Ulm on the theory of multi-dimensional Perron integrals except amounts in 1993 and his habilitation. In parallel, he worked as a consultant to companies in the financial sector. 1998 Nonnenmacher began in risk control of Dresdner Bank. He was appointed Honorary Professor at the Faculty of Mathematics and computer science at the Ruprecht -Karls- University of Heidelberg, 2002. Mid-2004 Nonnenmacher of DZ Bank. There he headed the Strategic, Risk and Financial Controlling. From 1 October 2007 was Nonnenmacher board member of HSH Nordbank, since November 18, 2008 the Chairman of the Board. On 9 November 2010 divided the two major shareholders of the Bank, the states of Schleswig -Holstein and Hamburg, publicly, they had the Chairman Hilmar Kopper prompted Nonnenmacher be released from his post as CEO. Nonnenmacher left the HSH Nordbank on March 31, 2011.
Discussion about payment
On 24 September 2008, Lehman Brothers filed for bankruptcy. The banking crisis was generally aware; the economic situation in many developed countries, became cloudy fast. In the wake of the financial crisis, HSH Nordbank had to perform adjustments, the total depreciation as of September 2008 was, according to press releases about 1.1 billion euros. She had so loads (profit and loss account plus revaluation reserve) in the amount of 2.4 billion euros on its books.
On 10 November 2008, Hans Berger joined because of the financial crisis from his office as CEO of HSH Nordbank. A week later it was announced that board member Nonnenmacher became his successor.
The bank had to be supported with guarantees billions of dollars in direct grants and the states of Hamburg and Schleswig -Holstein. Officially distributed, Nonnenmacher's salary is capped at a maximum of 500,000 euros a year. The same limit applies to board members supported by federal funds Soffin banks. However, it was announced in the summer of 2009, Nonnenmacher should receive a special bonus payment of 2.9 million euros. These side agreements had the Executive Committee of HSH Nordbank, including the Schleswig-Holstein Finance Minister Rainer Wiegard (CDU ), approved in November 2008.
Compared to German media complained Nonnenmacher the discussion about his salary as "nonsense" and called for " let's leave the church in the village ." He took the view that the issues would not be discussed in terms of content, but scandalized. He was always there for transparency and live it in everyday life. On 13 October 2009 reported NDR info that Nonnenmacher was informed that 500 - million - loss business, by HSH came to the brink of insolvency.
Prosecutor's Office and the Parliamentary Committee of Inquiry
Both in the Landtag of Schleswig -Holstein and in Hamburg Parliament for the establishment of a Parliamentary Committee of Inquiry respectively (PUA ) was adopted in June 2009. There, the circumstances of the HSH - Nordbank - crisis to be resolved.
In August 2009, the public prosecutor in Hamburg stated that the Department of Economic Crime Office of Criminal Investigation ( LKA ) have set up a ten-member task force with eight LKA officers and two prosecutors. Determines will " toward infidelity and accounting fraud ". For this purpose, the Hamburg prosecutor Wilhelm Moller in February 2010 compared to the NDR: "The process is so far set against anyone. "
On 5 February 2010 Nonnenmacher said the first time as a witness before the Parliamentary Committee of the Hamburg Parliament. He defended controversial financial transactions - in these financial transactions, for example, " stored the north bank risk real estate loans to a specially created subsidiary on the Channel Island of Jersey from. The loans were insured by the French BNP Paribas and then connected together with loans and securitized loan portfolio of BNP to construct the Omega 55. The North Bank was able to outsource risks for a few months (so that the risks do not appear in the 2007 balance sheet and potential impact on the Hamburgerische state election on 24 February 2008 participate ), but consisted in return other one and had to write several hundred million euros ... " - These transactions had a total value of 17 billion euros, the taz, Nonnenmacher also acknowledged error of HSH Nordbank. His institute had " not always carefully worked " and " brought Hamburg and Schleswig -Holstein in a difficult position ." In July 2011, it was announced via press releases that the prosecutor wants to bring charges against Hamburg Nonnenmacher. From accusations of tax evasion he was acquitted by the District Court of Hamburg. Another accusation is false presentation of corporate relations.
Process of " Omega 55"
Since July 24, 2013, Nonnenmacher has - together with five of his former colleagues from the governing body of HSH, who were in office in 2007 - before the Great Economic Criminal Division 8 of the Hamburg Regional Court for mismanagement ( embezzlement of bank assets in a particularly severe case ) responsible. In the center of the process is (described above) ominous business of the Bank from 2007, with the name " Omega 55".
Together with Nonnenmacher were indicted: Hans Berger, the CEO of HSH Nordbank was in December 2007, when the Omega -55 business has been decided. Peter Rieck, Deputy than the (former ) Chairman of the Board, inter alia, was responsible for the areas of shipping, transportation, real estate clients and offices in the Americas and Asia. Jochen Friedrich, the HSH Board listened for half a year in December 2007 and was responsible for the investment management and capital markets and the London branch. Hartmut Strauss, the (then) was responsible for the risk management of the bank and Bernhard Visker, Chief Executive since January 2007. Visker was responsible for corporate and real estate clients, private banking and savings. This is the first state of the entire Board of Directors of a banking house in court.
The defendants were accused of "having the complex financial transaction 'Omega 55' approved as members of the Management Board of HSH Nordbank AG in December 2007, although the basis of the application file submitted to them a comprehensive assessment of opportunities and risks of the business would not have been possible. " Ua was not achievable due to the structure of this transaction a generally intended purpose of the Bank improve with regulatory capital ratios. Also, the loan application did not contain meaningful information about the income and cost situation of the business. The prosecutor estimated the damage caused to 158 million euros.
Two of the defendants ( Nonnenmacher and Friedrich) threw the chamber in addition aware of before misrepresentation of financial statements. In the quarterly progress report to the HSH Group of 31 March 2008 and in a press release dated 20 June 2008, a surplus of 81 million euros had been reported, whereas in reality existed a net loss of 31 million euros. The balance sheet was corrected later and then also showed a loss of 77 million euros. The allegation is that the two defendants had intentionally created the balance wrong.
Memberships
From 11 February 2009 to 31 March 2011 Nonnenmacher was a member of the Board of DekaBank German Girozentrale.
Hapag -Lloyd AG elected Nonnenmacher (then CEO of HSH Nordbank ) from 1 June 2010 to its supervisory board. He followed there Peter Rieck, who had served on the Board since March 2009. For March 30, 2011 he resigned from the Supervisory Board again.