Curated News
By: NewsRamp Editorial Staff
October 01, 2026
OLB Finalizes Management Board Appointments
TLDR
- OLB's new board combines TARGO and KPMG experience to drive expansion in Corporates and Diversified Lending.
- OLB reconstituted its Management Board on 1 October 2026 with Fust as CFO, Daldrup as CRO, and Eggert as CIO.
- OLB's leadership changes aim to better serve one million customers and support communities across Germany.
- OLB's new board includes leaders with diverse backgrounds from KPMG, Airbus Bank, and UniCredit.
Impact - Why it Matters
The reconstitution of OLB's Management Board marks a pivotal moment for the bank as it navigates its next phase of growth under the direct supervision of the European Central Bank. With a blend of internal promotions and external expertise, the new leadership team is poised to strengthen OLB's strategic business areas, particularly in Corporates & Diversified Lending. This transition ensures continuity and stability, which is crucial for maintaining customer confidence and driving innovation in a competitive banking landscape. As part of the Credit Mutuel Alliance Federale, OLB's leadership changes may also signal broader shifts within the European banking sector, impacting stakeholders from customers to investors.
Summary
Oldenburgische Landesbank AG (OLB) has completed the previously announced reconstitution of its Management Board, effective 1 October 2026. The appointments, made by the Supervisory Board in coordination with supervisory authorities, bring new leadership to key positions. Michael Fust joins as Chief Financial Officer, succeeding Dr Rainer Polster, who left after his mandate expired on 30 September 2026. Fust, who has been a General Representative of OLB since January 2026, previously spent around 16 years at KPMG and later served as Head of Finance at TARGO Deutschland GmbH. Annett Daldrup becomes Chief Risk Officer, having acted as General Representative of OLB since July 2026 and of TARGO Deutschland GmbH since March 2026. She joined TARGOBANK in January 2025 as Chief Credit Officer Corporate Lending, with prior roles at Airbus Bank GmbH and UniCredit Bank AG. Chris Eggert, formerly Chief Risk Officer, assumes the role of Chief Investment Officer, overseeing cash flow-based financing within the Corporates & Diversified Lending segment. Eggert, who has been with OLB since 2018, will continue to drive the expansion of this business.
The full Management Board now comprises Christophe Jehan (CEO), Annett Daldrup (CRO), Chris Eggert (CIO), Michael Fust (CFO), and Dr Andreas Houben (CSO). Christian Bessenroth, a General Representative since April 2026, completes the Management Team and handles asset-based financing activities within the Corporates & Diversified Lending segment, reporting to Eggert. Isabelle Chevelard, Chairwoman of the Supervisory Board, expressed confidence in the new team, stating, “With its proven leadership and complementary areas of expertise, OLB’s Management Team is ideally positioned to lead the Bank into its next phase of development.”
OLB, a universal bank with over 150 years of history in north-west Germany, serves about one million customers through its OLB and Bankhaus Neelmeyer brands. With total assets exceeding EUR 30 billion, it became a significant financial institution in early 2025 and is directly supervised by the European Central Bank. Since January 2026, OLB has been owned by TARGO Deutschland GmbH, part of the cooperative Credit Mutuel Alliance Federale. For more information, visit www.olb.de and www.neelmeyer.de, or follow on Facebook, Instagram and YouTube.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, OLB Finalizes Management Board Appointments
