Deka's leader to continue in position for an additional five years.
In a notable move, DekaBank, one of the largest financial service providers and real estate asset managers in Germany, has announced that its CEO, Georg Stocker, will continue to lead the institution until July 2027. This extension comes after Stocker's successful navigation of DekaBank through the challenging Corona crisis.
Stocker, who has been an integral part of DekaBank since 2002, was first appointed as deputy CEO in October 2015. He took over as CEO in January 2020, following the departure of Michael Rüdiger at the end of 2019.
Stocker's tenure as CEO has been marked by significant growth and stability for DekaBank. Under his leadership, the institution has managed to maintain over 5 million accounts, a testament to its robust health and well-positioning for the future, as noted by Helmut Schleweis, the DSGV President and Deka Supervisory Board Chair.
The Deka Group, which includes DekaBank and its subsidiaries, currently manages over 368 billion euros (as of June 2021). This impressive figure underscores DekaBank's position as one of the largest financial institutions in Germany.
Stocker's board team has played a crucial role in this success. Matthias Danne, a German financial manager, has served as the deputy chairman of the board since 2020. Following Stocker's promotion, Torsten Knapmeyer joined the board.
DekaBank's success has not gone unnoticed. Rüdiger later joined the supervisory board of Blackrock Germany, a testament to the institution's reputation in the financial industry.
Being a 100% subsidiary of German Sparkassen, DekaBank is part of a larger financial network. This affiliation provides the institution with a strong foundation and support system, enabling it to continue serving its clients effectively.
With Stocker's contract extended until July 2027, clients and stakeholders can look forward to continued leadership and growth under his guidance. The future of DekaBank remains bright, as it continues to navigate the ever-changing financial landscape with resilience and success.
