Change within Executive Board - MLP continues further development

Muhyddin Suleiman, Executive Board member of MLP AG and MLP Finanzdienstleistungen AG with responsibility for sales will be resigning from both executive bodies on 31st March 2014 in mutual agreement and on the best amicable terms in order to pursue new professional challenges outside the MLP Group. The Supervisory and Executive Boards thank Muhyddin Suleiman for his successful and longstanding service to the company.

MLP AG continues to further develop its business. In view of the professional reorientation of Muhyddin Suleiman, the company is amalgamating responsibility for strategy and all client activities under the leadership of Chief Executive Officer Uwe Schroeder-Wildberg – a step which is designed to further tighten the management of the operating business.

The Executive Board position with responsibility for sales will not be refilled. Uwe Schroeder-Wildberg, who as Chief Executive Officer oversees all aspects of strategy, will also take over operative responsibility for two additional key areas, namely the private client business and the corporate client business at MLP Finanzdienstleistungen AG. In addition, he will also assume responsibility for client relationship management, target group management and marketing – three important areas that steer client contact from the back office.