CIO Reinhard Pfingsten leaves Bethmann Bank

Frankfurt Main, 21 April 2023 - Reinhard Pfingsten (55), Chief Investment Officer (CIO) of Bethmann Bank, has decided to leave the ABN AMRO Group to pursue a new professional challenge. He is expected to leave the Bank later this summer. 

Pfingsten has been responsible for all central asset management activities at Bethmann Bank since the beginning of 2018 and is also ABN AMRO's Global Head of Asset Allocation on a global level.

Agnes Brelik, Head of Wealth Products Germany on the Bethmann Executive Board, regrets the decision: “Reinhard Pfingsten has used his market expertise to set many important trends in recent years, not least in sustainable asset management. After more than five years as a proven investment specialist, his decision to take a new direction is something we have to respect, even though we very much regret this move. We thank Reinhard Pfingsten for his most excellent and valuable cooperation and wish him all the very best and every success in his future endeavours.”

Reinhard Pfingsten: “I can look back on more than five exciting and successful years working with great and competent employees at Bethmann/ABN AMRO, and I would like to express my heartfelt thanks to each and every one of them. Nonetheless, I would like to pursue a new professional challenge that takes a different spin on the CIO role, with design opportunities from and between wealth management and asset management.”

Bethmann Bank Executive Board has already initiated the search for a successor to fill this important management position in a timely manner.

Founded in 1712, Bethmann Bank, a brand of ABN AMRO Bank N.V. Frankfurt Branch, is now one of the TOP 3 providers of private banking in Germany, serving primarily high net worth individuals, family businesses and asset managers. Assets under management currently amount to more than 42 billion euros. Bethmann Bank is part of Dutch ABN AMRO, one of Europe's financially strongest banks. In common with all members of ABN AMRO Private Banking, the name Bethmann is synonymous with providing individual consultation, without being focused on any proprietary products. Customers receive clear, understandable solutions with a special focus on sustainability. With 14 locations, Bethmann Bank is represented in all important economic regions of Germany. ABN AMRO's private banking network in Northwest Europe manages more than 200 billion euros in client assets under management and ranks among the TOP 3 banks in the eurozone.

www.bethmannbank.de

Communications and Marketing

Alexandra Vitt-Krauß

T +49 69 2177-1379

M +49 152 38235830

E alexandra.vitt-krauss@bethmannbank.de