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Frankfurt: Change in leadership at the financial center initiative

D.he financial center initiative Frankfurt Main Finance has a new president. After twelve years at the head of the committee, Lutz Raettig handed over the leadership to Gerhard Wiesheu, who was elected for two years this Wednesday. Wiesheu has been working for Bankhaus Metzler since 2001 and has been a personally liable partner there since 2015.

The Hessian Prime Minister Volker Bouffier (CDU) praised Raettig, who is a member of the supervisory board of the American investment bank Morgan Stanley, as “the mouthpiece of the Frankfurt financial center” and thus also as “one of the most important voices for the German financial center”. Raettig, who is now the honorary president of the initiative, has rendered outstanding services to the location, especially since the Brexit vote.

“We traveled to New York together to convince the US banks of Frankfurt. Today four of the six largest US banks have chosen Frankfurt as their European headquarters. This is a great success for the city of Frankfurt, Hessen and Germany as a whole! I would like to expressly thank Dr. Raettig also for his work in the Hessian financial center cabinet, ”Bouffier continued.

Raettig’s successor Gerhard Wiesheu has been a member of the board of directors and presidium of Frankfurt Main Finance since 2017 and has particularly supported the activity of recruiting Japanese financial institutions. Wiesheu has been CEO of the German-Japanese Economic Circle since 2011 and has been active in the Japanese business since 1987.

Driver of numerous initiatives

Wiesheu said that through his many years of commitment Raettig had built bridges between politics and business and anchored the Frankfurt financial center even more strongly internationally. At the same time, he was always a pioneer for modern, future-oriented banking.

Economy Minister Tarek Al-Wazir (The Greens) said that Raettig was the voice of the financial center and its face as well as the main driver of numerous initiatives. “You have always referred to the meaningful and value-adding services of the financial sector for society and the economy and have made a significant contribution to the further development of the financial center.

“An old school banker”

Peter Feldmann (SPD), Lord Mayor of Frankfurt, said: “The financial sector is a central pillar of our city. One in eight of the 100 largest trade tax payers in the city of Frankfurt is now a foreign credit institution. As President of Frankfurt Main Finance and a longtime honorary city councilor, Raettig achieved a lot for Frankfurt. “He is an old-school banker and in the best sense of the word is committed to the common good.”

Thomas Book (Deutsche Börse AG), Ingo Wiedemeier (Frankfurter Sparkasse) and Adnan Sheikh (Mayor of Eschborn) were newly elected to the board. Tarek Al-Wazir, Frankfurt’s Mayor Uwe Becker (CDU), Thomas Groß (Helaba), Nick Jue (ING), Frank Kuhnke (Deutsche Bank), Cornelius Riese (DZ Bank) and Eva Wunsch-Weber (Frankfurter Volksbank) became board members approved.

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