January 11, 2017

Shift in Senior Management

Gunnar Volkers appointed managing director of North Channel Bank. Predecessors Bellmann and Jablonka to transfer to holding company.

As of January 1st 2017, Gunnar Volkers has succeeded Volker Bellmann and Uwe Jablonka as Managing Director of North Channel Bank. Gunnar Volkers will be taking on management responsibilities independently for the time being. After seven successful years at NCB and upon request of the shareholders, Bellmann and Jablonka will move to the holding company and will be taking on mandated functions in other companies that belong to the internationally oriented Group.

For the past nine and a half years, Gunnar Volkers has been active as General Manager of Nordea Bank`s German branch. Amongst other things he has successfully established the institute as one of the leading providers of energy clearing services in Europe. He held full responsibility for corporate client business, customer relations and service, cash management, payment transactions and clearing, IT and electronic banking, risk management & compliance, financial controlling and HR & management support.

Gunnar Volkers began his career within Den Danske Bank as a Relationship Manager focusing on German corporations that are active in the Danish market. Since 1991 he has held various management positions within Nordea Bank, the leading financial service provider in Northern Europe and the Baltics. As Head of the Credit Department from 1991 to 1994, he built up the credit function of the Bank’s newly established office in Germany. From 1994 until 1997 he was Senior Relationship Manager and Deputy Head Corporate Banking in the Frankfurt office with the objective of acquiring new large-scale corporate clients within Germany and the Nordic countries. As Head of Corporate Banking from 1997 to 2007, he had the overall responsibility for the business development with Nordic subsidiaries in Germany and with large corporate customers in Germany.

North Channel Bank GmbH & Co. KG was founded in 1924 as the private bank Bankhaus Oswald Kruber, located in Berlin. In 2009, a group of North American investors with expertise in the life settlement sector acquired the bank and renamed it North Channel Bank. In the following years the bank developed into one of the leading institutes in US life settlement financing. With the 2013 takeover of the subsidiary NorthStar Life Services, LLC in Irvine, California, the bank gained direct access to and influence on a reliable, experienced and renowned service provider. Today, in addition to the financing of US life settlements, the bank also offers individual services in the securities trading business and in structured finance.