Association of German Banks Appoints New President

The Board of Directors of the Association of German Banks has announced that Andreas Schmitz, chairman of the management board of HSBC Trinkaus & Burkhardt AG, Duesseldorf, will be the next president of the association. Schmitz will assume office on 24 March 2009 and replace Klaus-Peter Mueller, chairman of the supervisory
board of Commerzbank AG, who has been president since March 2005.


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