Press Release.


Dr. Martin Setzer appointed as new COO of Landesbank Baden-Württemberg

Dr. Martin Setzer appointed as new COO of Landesbank Baden-Württemberg Dr. Martin Setzer is to become the Chief Operating Officer (COO) of Landesbank Baden-Württemberg (LBBW). His remit will include among others IT, banking operations, payments and securities settlement. These areas are currently the responsibility of Rudolf Zipf, who will be retiring at the end of March. Dr. Setzer is expected to assume his duties as Executive Managing Director on 1 July 2012. It is intended that he will become a member of LBBW’s Board of Managing Directors in the foreseeable future. Responsibility for finance, which is up to now also in the remit of Rudolf Zipf, will be assumed by Board member Ingo Mandt in addition to his current duties on the Board of Managing Directors.

The renowned expert in banking technology and transformation processes is a highly qualified economist and holds a Master of Business and Engineering. Prior to holding several positions with Deutsche Bank Group, he worked as a research associate at the Institute of Public Finance at Darmstadt University of Technology. He was appointed Chief of Staff of the Global Technology & Services division in 2000, Head of DB’s Corporate IT Office and became Global Head of IT Management for the Private & Business Clients division in 2003. From 2004 to 2008, Dr. Setzer was took additional responsibility for Operations Management (payments and securities settlement) for Deutsche Bank's Private and Business Client division. Since 2009, Dr. Setzer holds the position as Head of Private & Business Clients IT Transformation and Head of Postbank IT Integration into the Deutsche Bank Group.

"We are delighted to have on board Dr. Setzer, a renowned expert in the transformation of internal bank processes", stated Hans Wagener, Chairman of the Supervisory Board of LBBW.

"In view of the ever-increasing regulatory requirements, the remit of COO is becoming more and more important", commented Hans-Jörg Vetter, Chairman of LBBW's Board of Managing Directors.


Landesbank Baden-Württemberg
Am Hauptbahnhof 2
70173 Stuttgart

Christian Potthoff
Head of Corporate Communications
Tel.: +49 711 127-73946
Fax: +49 711 127-74861