EQS-News: Andy Halford appointed new CFO of Aareal Bank

Andy Halford appointed as new CFO of Aareal Bank

Wiesbaden, 30 July 2024 – Andy Halford has been appointed as the new Chief Financial Officer (CFO) of Aareal Bank, effective 1 October 2024, subject to customary regulatory approvals. He joins us from Standard Chartered, where he served as Group CFO and Group Chief Executive Officer for almost 10 years. At Standard Chartered, he contributed to a fundamental overhaul of the bank’s strategy and financial performance, which contributed to Standard Chartered’s return to growth.

Aareal Bank’s new CEO, Dr. Christian Ricken, said: “I am pleased to welcome a seasoned financial professional like Andy Halford to our ranks. With an extraordinary career spanning decades, Andy Halford has a proven track record of managing treasury and financial operations across market cycles. I look forward to leveraging his vast experience and deep industry knowledge to further Aareal Bank’s growth path.”

Andy Halford joined Standard Chartered in July 2014 as Group Chief Financial Officer and Group Executive Director. Prior to his role at Standard Chartered, Halford was Chief Financial Officer of Vodafone Group Plc from 2005 to 2014, where he was credited with driving significant improvements to the company’s financial structure and strategic investments, which significantly enhanced shareholder value. Previous roles include Chief Financial Officer of Verizon Wireless in the United States, where he was involved in a number of acquisitions that created one of the largest mobile operators in the United States.

The Chairman of the Supervisory Board of Aareal Bank AG, Jean Pierre Mustier, said: “I would like to sincerely thank Marc Hess, who has done an incredible job in delivering impeccable financial architecture and planning processes and has taken Aareal’s funding diversification to a new level.”

Marc Hess, the outgoing CFO, will remain at Aareal Bank until November to ensure a smooth handover.

Contact for media:

Margaret Thiel
Phone: +49 611 348 2306
Mobile: +49 171 206 9740
[email protected]

Christian bridge
Phone: +49 611 348 2280
Mobile: +49 171 866 7919
[email protected]

Contact for investors:

Aareal Bank AG – Investor Relations
Phone: +49 611 348 3009
[email protected]

About Aareal Bank Group

Aareal Bank Group, headquartered in Wiesbaden, is a leading international real estate specialist. The bank uses its expertise to identify trends, challenges and opportunities at an early stage and to leverage them for the benefit of its stakeholders. Aareal Bank Group provides intelligent financing, software products and digital solutions for the real estate sector and related industries, and is present on three continents: Europe, North America and the Asia-Pacific region. The business strategy of Aareal Bank Group focuses on sustainable business success, and environmental, social and governance (ESG) aspects are an integral part of this strategy.

Aareal Bank AG comprises the business segments Structured Property Financing, Banking & Digital Solutions and Aareon. The Structured Property Financing segment encompasses all of Aareal Bank Group’s activities in the area of ​​real estate financing and finance. Here, the Bank supports its clients in making large investments in commercial real estate. Investment properties mainly include office buildings, hotels, shopping centers, logistics and residential properties, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports companies in the housing, property management and energy sectors as a digitalization partner – combining extensive advisory services and product solutions with traditional corporate banking services and deposit taking. Its subsidiary Aareon, a trusted European provider of SaaS solutions for the real estate industry, constitutes the third business segment. Committed to connecting people, processes and real estate, Aareon brings the ecosystem closer together. The Aareon property management system promotes efficient property management and maintenance, enabling all those involved to benefit from excellent digital experiences. On June 24, 2024, Advent and Aareal announced that they had entered into an agreement with TPG and CDPQ to acquire Aareon. The transaction is expected to close in the second half of 2024, subject to customary closing conditions and approvals.