Christiane Laibach joins DEG's Management Board

• Changes to DEG Management Board as of 15 February 2015
• Dr Michael Bornmann retired from the Management Board

Christiane Laibach has assumed office as member of the Management Board of DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, with effect from 15 February 2015. She succeeds Dr Michael Bornmann, who, after ten years on DEG's Management Board, retired on 14 February 2015. The economist is the first woman on the DEG Management Board. Ms Laibach is responsible for the regional departments of Africa/Latin America and Asia/Europe, as well as for the division German Corporates/Special Programmes.

Prior to joining DEG, Christiane Laibach was a member of the Management Board of KfW IPEX-Bank GmbH, in charge of Risk and Finance. In April 2014, KfW, as shareholder of DEG, appointed her as a member of the DEG Management Board.

Christiane Laibach was born in Hofheim am Taunus on 9 November, 1961. After gaining a degree in economics she joined KfW in 1990, where she primarily worked in export and project financing. Her background also includes project management in the area of development cooperation. Ms Laibach was First Vice President and Team Head Rail and Road in export and project finance before working as Senior Vice President and Head of Aviation from 2001 to 2008.

For photographs and CVs of DEG’s Management Board please refer to www.deginvest.de.